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The dollar index fell 0.67% to 94.988, its lowest since November, after US December CPI inflation reached 7% year-on-year. Markets judged the Fed already near peak hawkishness, and the rupiah was expected to strengthen.
A weaker dollar lowers the local cost of imported feed ingredients in emerging markets and can support dollar-denominated commodity prices. The move reflects currency markets rather than a supply shock.
cnbcindonesia.comPutu Agus PransuamitraJan 13, 2022After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
