Loading…
The rupiah opened stronger on Monday November 30 at about 14,070 per US dollar, gaining 0.14 percent. The move followed comments from Donald Trump that COVID-19 vaccines would begin distribution in early December, which weakened the dollar index to a 2020 low near 91.67.
A weaker dollar and firmer emerging-market currencies tend to support risk appetite, with modest effects on dollar-denominated commodity prices and import costs for Indonesian feed buyers.
voi.idDidi KurniawanNov 30, 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.
