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The rupiah strengthened slightly against the U.S. dollar on October 31 after a weaker-than-expected Dallas Fed manufacturing index. It closed at Rp 15,885 per dollar, and traders were looking ahead to Fed and BoE rate decisions.
China's weaker manufacturing PMI also limited the gains.
Small day-to-day currency moves like this have little direct effect on feed commodity prices. The story reflects routine currency trading tied to U.S. and Chinese data.
investor.idGrace El DoraOct 31, 2023Not 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.
