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The rupiah weakened further after the hawkish Fed policy stance strengthened the dollar, according to BCA's Branko Windoe. COVID-19 case surges also weighed on the currency.
The piece is a television interview summary.
A weaker rupiah raises Indonesia's import costs for feed ingredients, with dollar strength also weighing on dollar-priced commodities.
cnbcindonesia.comCNBC Indonesia TVJun 22, 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.
