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The rupiah fell for a third day to near 14,330 per dollar after Indonesia's Consumer Confidence Index rose to 118.5 in November, its highest since January 2020. Broad US dollar weakness and improved risk appetite also weighed on the pair.
A firmer rupiah lowers the local cost of dollar-priced feed imports, while improved domestic sentiment points to steadier demand for poultry and livestock feed.
octaafrica.netDec 8, 2021Not enough comparable past events yet for a historical read.
After 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.
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.
