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The rupiah appreciated 0.13% to IDR 13,325 per dollar on February 6, supported by Indonesia's improving fundamentals and rebounding commodity prices. US fourth-quarter GDP missed forecasts at 1.9%, and a weak January wage print pressured the dollar.
Softer US growth and a weaker dollar can support commodity prices and make dollar-priced feed imports cheaper for Indonesian buyers.
indonesia-investments.comIndonesia InvestmentsFeb 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.
