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Analysts said the rupiah could strengthen after delayed US pending home sales data and a very weak Kansas City Fed manufacturing index for September. Gains were expected to be limited ahead of the US PCE inflation release that day.
A firmer rupiah would ease import costs for feed ingredients in Indonesia, though the modest expected move implies limited price impact.
antaranews.comM Baqir Idrus AlatasSep 29, 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.
