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The rupiah fell 0.34% to Rp14,257 per US dollar in Jakarta interbank spot trade on April 30, 2019, on strong seasonal dollar demand for foreign debt interest and dividend payments. Analysts said investors were awaiting the FOMC decision and that falling crude prices had not yet lifted the currency.
A weaker rupiah raises the cost of dollar-priced feed imports for Indonesian buyers, and Indonesia's import bill is sensitive to crude prices. The effect on global feed prices is minor.
en.antaranews.comCitro Atmoko, SuhartoApr 30, 2019After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.
