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The rupiah held flat at 14,420 per dollar on March 25 while the dollar strengthened on expectations of a strong US recovery. Fed Chair Powell said the US economy would be very strong in 2021.
Rising US growth expectations and yields draw capital from emerging markets, pressuring the rupiah and raising the cost of dollar-denominated feed imports in Indonesia.
cnbcindonesia.comPutu Agus PransuamitraMar 26, 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.
