Loading…
The rupiah strengthened sharply in Jakarta trading after U.S. November CPI slowed to 7.1% year on year from 7.7%. Markets expected the Federal Reserve to slow the pace of its rate increases at its December meeting.
A slower U.S. inflation path weakens the dollar and supports emerging-market currencies, which can ease the cost of dollar-priced feed imports for Asian buyers.
investor.idGrace El DoraDec 14, 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.
