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The rupiah weakened against the dollar on 26 July as traders waited for the Federal Reserve's rate decision. Markets priced a near-certain 25 basis point hike.
Investors were looking for signals on whether the Fed would pause or begin cutting.
Expectations for higher US rates keep the dollar firm, which raises the rupiah cost of imported feed ingredients. Any surprise from the Fed could move the currency sharply.
investor.idGrace El DoraJul 26, 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.
