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The rupiah traded at 14,057 per dollar, up 0.28%, as foreign inflows into government bonds and stocks rose. BI cited a 10-year yield of 7.98%, a spread of 538 bps over US Treasuries, and expectations of a weaker dollar on US-China trade optimism.
Strong foreign inflows and a firmer rupiah reduce import costs for Indonesian feed buyers, though the effect on feed grain prices is modest.
cnbcindonesia.comHerdaru PurnomoFeb 20, 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.
