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Bank Indonesia's Jisdor reference rate fell 70 points to Rp 13,630 per dollar on October 27. The dollar index rose to 94.8, its highest since July, after the euro weakened on the ECB's bond-buying extension and the Fed announced balance sheet normalization.
A weaker rupiah increases the cost of dollar-priced feed imports into Indonesia, while a firmer dollar generally pressures global grain and oilseed prices in dollar terms.
market.bisnis.comHafiyyanOct 27, 2017Not 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.
