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Bank Indonesia Governor Perry Warjiyo said the US dollar index has stayed strong despite the Fed funds rate nearing its peak and ongoing US debt ceiling talks, calling this an anomaly. He expects the Fed to raise rates modestly at its June meeting and to hold them higher for longer than some analysts forecast.
He also said the debt ceiling negotiations add to global uncertainty.
A firm dollar and higher-for-longer US rates tend to pressure emerging-market currencies and raise dollar-priced import costs for feed buyers in those markets.
money.kompas.comRully R. RamliMay 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.
