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On August 25, 2021, USD/IDR eased to about 14,391 after Bank Indonesia Governor Perry Warjiyo warned of rising inflation risk in 2022 from stronger domestic demand and higher global commodity prices. The dollar index was supported by firmer Treasury yields ahead of US durable goods data.
Warnings of higher inflation and commodity prices could support a stronger rupiah over time if the central bank tightens, but for now the currency is mostly driven by dollar strength. Feed buyers in Indonesia face little immediate change in import costs.
octaafrica.netAug 25, 2021Not enough comparable past events yet for a historical read.
After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% 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.
