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Bank Indonesia deployed its triple intervention tools, spot market sales, domestic NDF sales and bond purchases, to stabilise the rupiah on March 30. The rupiah's decline was smaller than many regional peers as the dollar rose broadly to a four-month high.
Central bank intervention limits near-term rupiah depreciation, so dollar-priced feed import costs for Indonesian buyers rise only modestly despite broad dollar strength.
cnbcindonesia.comMaikel JefriandoMar 30, 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.
