Loading…
Indonesia's rupiah broke through 15,100 per dollar, and Finance Minister Sri Mulyani attributed the weakness to a stronger dollar driven by Fed rate hikes. The dollar index reached about 110, and the Fed raised rates 75 basis points to 3.00-3.25%.
Dollar strength driven by Fed tightening is weakening emerging-market currencies, which raises the rupiah cost of imported feed ingredients.
money.kompas.comYohana Artha UlySep 26, 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.
