Loading…
Finance Minister Sri Mulyani said the rupiah's depreciation of about 3.8% was milder than peers such as the Philippine peso (6.4%) and Indian rupee (5%). She warned that the Fed would keep tightening in coming months after its 75 basis point hike in June.
Continued Fed tightening and capital outflows point to further rupiah weakness, which raises the local cost of imported feed ingredients and dollar-priced commodities.
money.kompas.comFika Nurul UlyaJun 23, 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.
