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The rupiah fell more than 1.31% in one week before the Fed decision on January 29, 2024. Economists cited expectations of a Fed rate cut in May and political tension over possible ministerial resignations.
The CNBC Indonesia segment covered these drivers of rupiah volatility.
Rupiah weakness and expected US rate timing affect import costs for Indonesian buyers of dollar-priced feed ingredients, but the global price effect is minor.
cnbcindonesia.comCNBC Indonesia TVJan 29, 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.
