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Bank Indonesia reported that the rupiah closed at Rp 15,225 per dollar on August 31, 2023, and the DXY fell to 103.62. Non-residents recorded net selling of Rp 2.52 trillion in domestic financial markets during August 28-31.
A firmer rupiah at that time lowered the local cost of imported feed ingredients, while foreign outflows signal currency pressure that could reverse that benefit.
bi.go.idBank IndonesiaSep 1, 2023Not enough comparable past events yet for a historical read.
After 23 past neutral report events, US Dollar (Broad) moved a median +0.1% over 5 sessions (57% higher; middle half -0.2% to +0.4%), and +0.5% 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.
