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The rupiah closed 0.08% weaker on March 22, 2022, at 14,348 per dollar, as Fed Chair Powell's remarks were read as signaling a more aggressive policy path for 2022. Powell said the Fed must move quickly to control high inflation and could use larger-than-usual rate hikes.
Expectations of faster Fed tightening support the dollar, raising the rupiah cost of imported feed ingredients for Indonesian livestock and poultry buyers.
investor.idIndah HandayaniMar 22, 2022After 2,356 past bullish macro events, DXY 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.
