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The rupiah's JISDOR reference rate reached 15,015 per US dollar on July 6, 2022, weaker than the prior day's 14,990. Economists said the decline reflects global uncertainty and safe-haven demand for the dollar, and they outlined effects on exporters, importers and government finances.
A weaker rupiah supports Indonesian export competitiveness for palm oil while raising the local cost of imported feed ingredients and fertilizers.
money.kompas.comRully R. RamliJul 6, 2022After 38 past bullish macro events, Palm Oil moved a median +0.5% over 5 sessions (61% higher; middle half -0.5% to +3.0%), and -0.3% over 20.
Not enough comparable past events yet for a historical read.
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.
