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The rupiah weakened to Rp18,170 per US dollar on Wednesday morning, November 1, while the IHSG stock index fell 0.28%. Analysts linked the pressure to the US dollar index, crude oil prices that strain state FX reserves, and foreign selling tied to MSCI sentiment, and one analyst's end-2026 range was Rp17,800 to Rp18,200.
Higher crude prices and a stronger dollar raise import costs and weaken the rupiah, which lifts the local cost of imported feed for Indonesian buyers. The move is modest and mostly a currency story.
macroherald.comÖzge AdıgüzelNov 1, 2026Not enough comparable past events yet for a historical read.
After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% 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.
