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Indonesia's rupiah was reported as one of the strongest currencies among G20 members ahead of the June 28-29, 2019 summit in Osaka. The article attributes global monetary easing by the Fed, ECB, BOJ and RBA to the US-China trade war.
Broad dollar weakness and easing global monetary policy support a stronger rupiah, which lowers the local cost of imported feed commodities.
cnbcindonesia.comPutu Agus Pransuamitra, Arif GunawanJun 29, 2019Not enough comparable past events yet for a historical read.
After 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.
