Loading…
The rupiah edged up 0.07% to 16,253 per dollar on May 31 after US first-quarter GDP growth of 1.3% came in below expectations. Traders were awaiting the US PCE inflation reading, and geopolitical tensions in the Middle East and Taiwan were also supporting the dollar.
Currency swings in Indonesia affect feed import costs, and a firm dollar on safe-haven demand tends to weigh on dollar-priced commodities.
investor.idGrace El DoraMay 31, 2024Not enough comparable past events yet for a historical read.
After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% 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.
