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The rupiah weakened 0.07% to Rp14,100 per dollar on December 3 as Covid-19 cases hit a record of over 8,000 a day, raising fears of tighter social restrictions. The US dollar index fell to its lowest level in more than two years, which partly offset the domestic pressure.
A weaker dollar index supports emerging-market currencies and can lift dollar-denominated commodity prices, while renewed domestic restrictions could dampen Indonesian demand.
cnbcindonesia.comPutu Agus PransuamitraDec 4, 2020After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
