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The rupiah weakened slightly against the US dollar on March 31, 2022, closing at 14,363 per dollar, as markets awaited US PCE inflation and non-farm payroll data. The dollar index was around 98.07 and Indonesian March inflation data was due the following day.
A firmer dollar and higher US yields raise the local cost of imported feed ingredients priced in dollars, such as corn and soymeal, for Indonesian buyers, though the move was small.
antaranews.comAgatha Olivia VictoriaMar 31, 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.
