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The rupiah strengthened against the US dollar in Jakarta interbank trading on May 27, 2021, gaining 9 points to 14,319 per dollar. The move followed remarks by Federal Reserve Governor Randal Quarles, who said he was ready to discuss scaling back emergency support if the economy strengthened.
Quarles' comments raised expectations of Fed tightening, which typically supports the dollar and pressures emerging-market currencies. For feed buyers, a firmer rupiah modestly lowers the local-currency cost of imported feed ingredients.
kupang.antaranews.comBernadus TokanMay 27, 2021Not enough comparable past events yet for a historical read.
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.
