Loading…
The rupiah strengthened 0.71% to Rp14,268 per dollar on August 31, 2021, supported by a weaker dollar after Fed tapering signals. Foreign-exchange analysts said the government bond auction, which drew strong bids, also supported the currency ahead of Indonesia's August inflation data.
A stronger rupiah reduces the local cost of imported feed ingredients for Indonesian buyers. The move reflects dollar sentiment and is unlikely to change global grain or meal supply.
investasi.kontan.co.idAchmad JatnikaAug 31, 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.
