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The rupiah closed weaker at 14,358 per US dollar on November 26, down 0.49%, as global tapering sentiment weighed on the currency. Analysts pointed to hawkish signals from the Fed's FOMC minutes, which said officials were open to faster bond-purchase tapering if inflation rose.
Indonesia had little domestic news to offset the move.
A weaker rupiah raises the local-currency cost of imported feed ingredients such as soybean meal and corn for Indonesian buyers, while a firmer dollar generally pressures dollar-denominated grain prices.
antaranews.comCitro AtmokoNov 26, 2021Not enough comparable past events yet for a historical read.
After 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.
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.
