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The USD/IDR pair fell back toward $14,195 after Indonesia reported stronger October trade data, with the trade surplus widening to $5.74 billion. Softer US Treasury yields pushed the dollar index down about 0.10% to near 95.00.
Traders were watching the Bank Indonesia rate decision and US retail sales.
A stronger trade surplus supports the rupiah, which lowers the local cost of dollar-priced feed imports for Indonesian buyers. Softer US yields ease dollar pressure on commodity prices.
wikifx.comNov 15, 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.
