Loading…
The rupiah fell 0.10% to Rp15,646 per dollar on February 27, 2024, as investors reacted to signals about the timing of future US rate cuts. Analysts said Federal Reserve officials appeared cautious about easing and Indonesia's inflation data was due soon.
Expectations of delayed Fed easing keep the dollar firm, which raises import costs for Indonesian feed buyers and can weigh on commodity prices quoted in dollars.
investor.idGrace El DoraFeb 27, 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.
