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The rupiah closed stronger on August 30, 2022, at 14,843 per US dollar, gaining 0.37% as the dollar retreated from a two-decade high. Markets were awaiting Indonesia's August inflation data.
A firmer rupiah reduces the local-currency cost of imported feed inputs for Indonesia, but the dollar's broader strength remains the dominant driver for emerging-market import costs.
antaranews.comCitro AtmokoAug 30, 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.
