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The rupiah weakened slightly to 13,514 per US dollar in Jakarta interbank trading on Thursday morning, from 13,500. Traders pointed to stronger-than-expected US third-quarter GDP growth of 3.3 percent and supportive comments from Fed Chair Janet Yellen on gradual rate hikes.
A weaker rupiah raises the local-currency cost of imported feed ingredients such as soybean meal and corn, pressuring Indonesian feed buyers' margins.
antaranews.comZubi MahrofiNov 30, 2017Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, DXY 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.
