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Analysts said the rupiah strengthened slightly on May 3 to about IDR 13,292 per dollar after weak US economic data pressured the dollar. Markets expected the Federal Reserve would hold rates at its meeting that week.
A softer dollar and firmer rupiah modestly reduce Indonesian import costs for feed ingredients, with no meaningful effect on global feed commodity supply.
centralkutabali.comMay 6, 2017Not enough comparable past events yet for a historical read.
After 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.
