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The rupiah fell 49 points, or 0.33%, to Rp 14,843 per US dollar on April 18, 2023, as US Treasury yields rose. Two-year yields were near 4% and the dollar index rose to about 102, with markets pricing a high chance of a 25 basis point Fed hike in early May.
Higher US yields and a stronger dollar pressure emerging-market currencies, raising the rupiah cost of imported feed ingredients. The move reflects expectations of tighter US policy rather than a change in commodity supply.
investor.idGrace El DoraApr 18, 2023
antaranews.comantaranews.comApr 18, 2023After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
Not 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.
