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Indonesian rupiah and Jakarta Composite Index rose after the Fed's March 16 rate hike, contrary to the usual pattern of emerging-market weakness. The gains proved temporary, with the JCI falling to 5,507 by mid-late March.
A firmer rupiah and resilient equities reduce near-term pressure on Indonesian feed importers' costs, though the reversal signals fragile sentiment that could weaken the currency again.
magz.tempo.coAdministratorMar 27, 2017Not enough comparable past events yet for a historical read.
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.
