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The rupiah closed at 14,364 per dollar, weakening 0.20% as rising US Treasury yields strengthened the dollar. Markets were awaiting the Fed's January 26 decision, with expectations of three rate hikes this year.
Rising US yields and a stronger dollar increase the rupiah cost of imported feed ingredients. Expected Fed tightening keeps emerging-market currencies under pressure.
fin.co.idA AdminJan 19, 2022Not enough comparable past events yet for a historical read.
After 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.
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.
