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The rupiah was expected to weaken on July 31 after closing at 16,300 per dollar on July 30. Markets were focused on the upcoming Fed decision and the timing of possible rate cuts, following weak Chinese economic data.
Dollar strength against the rupiah raises Indonesian feed import costs, though the impact on global commodity prices is limited.
voi.idFakhri RezyJul 31, 2024Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
