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The rupiah weakened on November 2 after Indonesia reported a September trade surplus of $3.36 billion, well above the $1.9 billion forecast, with export growth of 11.87%. October inflation eased to 3.23%, slightly below expectations.
USD/IDR traded near 18,180 as dollar demand was supported by high odds of a Fed hike.
Currency weakness raises the import cost of feed ingredients priced in dollars for Indonesian buyers. Strong export growth and a trade surplus support the economy, but the rupiah's direction still points to higher local feed costs.
fxstreet.comAkhtar FaruquiNov 2, 2026
tmgmapac.comAkhtar FaruquiNov 2, 2026
tmgmasia.comAkhtar FaruquiNov 2, 2026After 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.
Not 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.
