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Bank Indonesia said it is ready to intervene in spot, domestic NDF and bond markets to keep the rupiah steady. The rupiah traded at 14,300 per dollar, down 0.3% on the day and more than 1% over the prior week after US Treasury yields rose.
Rising US yields and currency pressure raise the dollar cost of imported feed for Indonesian buyers, though central bank intervention is expected to cap the decline.
brecorder.comReutersMar 5, 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.
