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The rupiah opened at 14,450 per dollar on July 28, gaining 0.29% and about 1.5% over the week. Investors responded to a Republican proposal for a $1 trillion US stimulus package, while Democrats argued it was too small and pushed for about $3 trillion.
Expectations of additional US fiscal stimulus support risk appetite and a weaker dollar, which can lift dollar-priced commodities and emerging-market currencies.
cnbcindonesia.comHidayat SetiajiJul 28, 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.
Not enough comparable past events yet for a historical read.
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.
