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The rupiah weakened 2.92% from 13,402 per dollar on February 1 to 13,793 on March 1, 2018, amid dollar strength before the Fed meeting. US President Trump announced 25% steel and 10% aluminum import tariffs, and global stock markets fell.
US tariffs raised trade-war risk, which can weigh on export-linked demand and shift dollar flows. The article expects the rupiah to firm as the dollar softens, which would lower the local cost of imported feed ingredients.
indonesia-investments.comIndonesia InvestmentsMar 3, 2018Not enough comparable past events yet for a historical read.
After 39 past bearish trade events, US Dollar (Broad) moved a median -0.4% over 5 sessions (26% higher; middle half -1.1% to +0.0%), and -0.8% 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.
