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BCA's research note from April 11, 2023 says US consumer demand remains strong but a loosening labour market, renewed energy inflation risk and tighter financing could reduce consumption. It warns a slowing US economy would weigh on Indonesia's external demand, with limited capital inflows given expectations of no rate cuts in 2023.
A slowdown in US demand and tighter financing would reduce external demand for Indonesian exports and could keep the rupiah under pressure. For feed buyers, this points to a weaker currency and less support for export-linked commodity demand.
bca.co.idApr 11, 2023Not enough comparable past events yet for a historical read.
After 51 past bearish macro events, Palm Oil moved a median -1.3% over 5 sessions (35% higher; middle half -4.1% to +1.1%), and -1.8% 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.
