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USD/IDR rose 0.32% to 16,170 in Asian trade on May 29 as hawkish comments from Fed officials, including Neel Kashkari, supported the dollar. The DXY traded near 104.70 and US 2-year and 10-year yields were 4.97% and 4.56%.
Hawkish Fed signals keep the dollar strong and raise Indonesian import costs for feed inputs, a mild bearish factor for dollar-priced grains.
id.octaafrica.netMay 29, 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.
