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The rupiah closed up 134 points, or 0.90%, at Rp 14,746 per US dollar on April 13, 2023, after the release of the Federal Reserve's March policy meeting minutes. The minutes flagged recession risks tied to the banking crisis, and February US inflation came in at 6% year on year.
Signs that the Fed may pause or cut rates weaken the dollar and support emerging-market currencies. A firmer rupiah reduces the local cost of imported feed ingredients for Indonesian buyers.
antaranews.comMartha Herlinawati SimanjuntakApr 13, 2023Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, DXY moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
