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The Indonesian rupiah rose more than 1% after November inflation eased but stayed above Bank Indonesia's 2%-4% target range. The U.S. dollar slid on signs the Federal Reserve would slow its tightening pace.
Currency strength and persistent Indonesian rate hikes affect the cost of Indonesian commodity exports and feed-relevant palm oil and meal flows, though the direct grain price impact is limited.
financialpost.comReutersDec 1, 2022Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, US Dollar (Broad) 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.
