
The rupiah weakened against the US dollar on Friday morning to Rp 14,190 after US second-quarter GDP growth was confirmed at 2% year on year. Economists said the US economy still looked solid and showed no strong sign of recession.
A firmer dollar on solid US growth tends to pressure emerging-market currencies such as the rupiah, which affects the local cost of imported feed ingredients.
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.
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.