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The rupiah fell 0.30% to Rp15,692 per dollar on February 28, 2024, as markets awaited the US fourth-quarter GDP release and the core PCE inflation index. Analysts said stronger-than-expected US data could keep the Fed on hold for longer and pressure the rupiah.
A firmer dollar on expectations of higher US rates raises the local-currency cost of imported feed ingredients for Indonesian buyers, with little direct effect on grain prices.
antaranews.comMartha Herlinawati SimanjuntakFeb 28, 2024After 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.
Not 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.
