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Indonesian markets are watching the Federal Reserve's May 1-2 meeting, with analysts expecting the Fed to hold rates at current levels while signaling further hikes later in 2018. Foreign investors may continue net share sales in Indonesia depending on the outcome.
A hawkish Fed outcome would keep the dollar firm and pressure the rupiah, raising imported feed costs in Indonesia. The article is mainly about currency outlook rather than a new policy shock.
liputan6.comBawono YadikaApr 30, 2018Not enough comparable past events yet for a historical read.
After 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.
