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USD/IDR climbed toward 16,100 in Asian trade on May 28 as traders awaited US PCE inflation data. The DXY eased to about 104.42, and Bank Indonesia governor Perry Warjiyo said inflation remained within target.
A rising USD/IDR raises the rupiah cost of imported feed ingredients, while a softer DXY offers some offset for dollar-priced commodities.
id.octaafrica.netMay 28, 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.
