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The rupiah opened the week of May 29, 2022 about 0.19% stronger at around 14,547 per dollar. The article attributes the gain to Bank Indonesia's faster reserve requirement increases and to fading Fed hike expectations after weaker-than-expected US GDP data.
A firmer rupiah and weaker dollar reduce import costs for Indonesian feed buyers, a mildly bearish factor for dollar-priced feed ingredients.
didimax.co.idDIDIMAXMay 29, 2022Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, DXY 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.
