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The rupiah rose over 1% to Rp14,260 per dollar in the week to September 3, its strongest level in ten weeks, after weak US jobs data pushed the dollar index lower. Analysts question whether the rupiah can extend gains the following week.
A weaker dollar on Fed tapering expectations tends to support dollar-priced commodities, but the rupiah move itself is a modest factor for Indonesian feed buyers.
cnbcindonesia.comPutu Agus PransuamitraSep 6, 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.
