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The rupiah closed flat at Rp14,242 per dollar on September 23, with the Jisdor reference rate at Rp14,256. The dollar hit a one-month high after the Fed signalled earlier-than-expected rate rises following asset purchase reduction, and China Evergrande eased some default fears.
Expectations of Fed tightening strengthen the dollar, which raises the local cost of imported feed for Indonesian buyers and can weigh on dollar-priced grains.
fin.co.idA AdminSep 23, 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.
