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The rupiah strengthened slightly on March 23, 2022, to 14,339 per dollar, though gains were limited by expectations of aggressive Fed policy and rising US Treasury yields, which reached their highest level since May 2019. Domestic data such as trade surplus and accommodative policy were described as supportive.
Higher US Treasury yields and a stronger dollar on expected Fed tightening keep the cost of dollar-denominated feed imports elevated for Indonesian buyers.
investor.idIndah HandayaniMar 23, 2022After 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.
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.
