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The rupiah was expected to stay under pressure against the US dollar on June 21, 2017, after closing slightly weaker the previous day. An analyst at PT Samuel Sekuritas Indonesia said the dollar was strengthening across Asian markets, and that falling oil prices were a main support for the dollar.
A firmer dollar and cheaper crude weigh on Indonesian import costs and commodity-linked sentiment, with limited direct effect on feed grain prices.
infobanknews.comRezkiana NisaputraJun 21, 2017After 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.
After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% 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.
