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The rupiah rose 0.89% to 15,425 per dollar on December 2, gaining nearly 2% over two sessions. The move followed Fed Chair Powell's remarks that rate hike increases could moderate after the December meeting, along with capital inflows into Indonesian bonds.
Expectations of slower Fed tightening weaken the dollar and reduce import costs for Indonesian feed buyers, though the effect on global feed prices is small.
cnbcindonesia.comPutu Agus PransuamitraDec 2, 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.
