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The rupiah weakened 30 points to Rp 15,520 per dollar on September 27, with pressure coming from a stronger dollar and rising US Treasury yields after hawkish Fed signals. Markets were awaiting the US PCE inflation data due that week.
Continued rupiah weakness raises import costs for feed ingredients in Indonesia, supporting higher local feed prices.
antaranews.comM Baqir Idrus AlatasSep 27, 2023Not enough comparable past events yet for a historical read.
After 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.
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.
