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An Indonesian researcher assesses the expected short US government shutdown from late January to mid-February 2018. The analysis argues the effect on the rupiah and Jakarta equity index would be minimal, since the dollar tends to weaken during shutdowns.
A brief US shutdown has limited direct effect on feed commodity supply or demand. Any dollar softening would marginally lower import costs for Indonesian buyers.
observerid.comopinion rimarJan 25, 2018After 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.
