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Rupiah gains from Bank Indonesia's rate hike faded quickly as traders focused on the Jackson Hole symposium, where Fed Chair Jerome Powell was expected to speak on inflation. The rupiah closed 0.07% weaker at 14,835 per dollar.
Fed policy expectations dominate emerging-market currency moves, keeping pressure on the rupiah and raising the local cost of imported feed ingredients.
cnbcindonesia.comPutu Agus PransuamitraAug 25, 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.
