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Analysts expected the rupiah to weaken on March 29, 2022, as rising US Treasury yields and upcoming US data lifted the dollar. The rupiah closed at 14,359 per dollar on March 28.
Rising US yields strengthen the dollar, which increases the cost in local currency of imported feed grains and meal for Indonesian buyers.
insight.kontan.co.idAris NurjaniMar 28, 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.
