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Analyst Lucky Bayu Purnomo of Danareksa Securities said the Federal Reserve's decision to hold its policy rate was appropriate and positive for Indonesian markets. He expects the rupiah to strengthen toward 13,000-13,100 per dollar by year-end.
A Fed hold that weakens the dollar supports Indonesian currency and lowers import costs for feed inputs, though the effect on commodity prices is limited.
investor.idOleh Iwan Subarkah dan Tri ListiyariniMay 5, 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.
