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The rupiah closed weaker against the dollar on October 25, 2021, falling 0.25% to 14,158 per dollar. Market participants attributed the move to Fed Chair Jerome Powell's comments that the central bank was on track to begin reducing stimulus soon.
Expectations of Fed tapering lift the dollar and pressure emerging-market currencies, which makes Indonesian dollar-priced feed imports more expensive for local buyers.
antaranews.comCitro AtmokoOct 25, 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.
