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The rupiah rose 0.07% to Rp14,090 per dollar on December 2 as the US dollar weakened on hopes of a $908 billion US fiscal stimulus package. The dollar index fell 0.22% on the day after dropping 0.61% the previous day, reaching its lowest level in more than two years.
A weaker dollar tends to support commodity prices priced in dollars, and expected US stimulus adds to demand optimism for grains and oilseeds.
cnbcindonesia.comPutu Agus PransuamitraDec 3, 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.
