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The rupiah closed weaker against the dollar on October 31 at 15,598 per dollar, down 0.28% and 9.46% year to date. The dollar index climbed toward 111 ahead of an expected 75-basis-point Federal Reserve hike, and most Asian currencies also weakened.
A stronger dollar raises the local cost of imported feed ingredients for Indonesian buyers and pressures Asian import demand.
money.kompas.comRully R. RamliOct 31, 2022Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.
