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Indonesian economists say the rupiah and the Jakarta stock index are under pressure as markets await US economic data and political developments after Joe Biden's withdrawal. Bank Indonesia has conducted market operations, holding the rupiah near 16,000 after it touched 16,300.
A dollar rally driven by US uncertainty raises Indonesian import costs for feed ingredients, though central bank intervention is containing the move.
dukuhumkm.comTaufik HidayatJul 30, 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.
