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On August 27, 2021, the rupiah weakened for a second day ahead of the Jackson Hole symposium, as the dollar index rose and Fed officials pushed for an early end to asset purchases. St. Louis Fed President James Bullard said the bank might not need to keep buying assets and suggested ending the programme early next year.
Expectations of earlier Fed tapering strengthen the dollar and pressure emerging-market currencies, raising the local cost of dollar-priced feed imports for Indonesian buyers. The effect on global feed supply is limited.
cnbcindonesia.comPutu Agus PransuamitraAug 27, 2021Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, DXY 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.
