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The rupiah weakened 37 points, or 0.24%, to Rp15,830 per dollar on March 27, 2024. The dollar rebounded after US February durable goods orders rose 1.4%, above the 1.1% forecast.
Analysts expected the Federal Reserve to hold off on cuts until inflation moves sustainably toward 2%.
Stronger US data pushes up the dollar and raises the rupiah cost of imported feed ingredients. Indonesian feed costs would rise accordingly, though the effect on global commodity prices is limited.
investor.idGrace El DoraMar 27, 2024Not enough comparable past events yet for a historical read.
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.
