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The rupiah closed at Rp 15,163 per US dollar on March 27, slightly weaker on the day. Analysts said unsettled US monetary conditions after the Silicon Valley Bank collapse could cause the Fed to hold off on further hikes.
Expectations of a slower Fed path would ease dollar strength and support the rupiah, which lowers Indonesian feed import costs at the margin. The effect is small and depends on upcoming US data.
investor.idGrace El DoraMar 27, 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.
