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The rupiah extended its weakness on February 22 alongside several Asian currencies, tracking a stronger dollar index and higher US Treasury yields ahead of the FOMC minutes. Analysts also cited Indonesian sovereign bond yields rising with global yields and domestic focus on February inflation data.
A weaker rupiah raises local costs of dollar-priced feed ingredients, while rising Indonesian bond yields tighten financing for feed and livestock operators.
infobanknews.comRezkiana NisaputraFeb 22, 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.
