Loading…
Bank Indonesia said the rupiah briefly fell to Rp 13,600 per dollar because of expected Fed rate hikes, which strengthened the dollar. BI's Mirza Adityaswara said the pace of US rate increases will depend on tax policy under President Trump and on who succeeds Janet Yellen as Fed chair.
Expectations of faster Fed tightening keep the dollar firm and the rupiah under pressure, raising import costs for Indonesian feed buyers.
economy.okezone.comUlfa AriezaOct 31, 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.
