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Indonesia's finance minister said authorities are assessing whether further steps are needed to halt capital outflows that have pressured the rupiah. The rupiah traded near 15,180 per dollar, after losing nearly 2% in the week to its weakest level in over 20 years as global oil prices rose.
Possible further policy intervention may stabilize the currency, but continued rupiah weakness and high oil prices keep Indonesian import costs elevated, pressuring regional feed and vegetable oil demand.
freemalaysiatoday.comReutersOct 5, 2018Not enough comparable past events yet for a historical read.
After 323 past bullish macro events, Crude Oil (Brent) moved a median +0.7% over 5 sessions (58% higher; middle half -2.9% to +3.7%), and +1.3% 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.
