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The Indonesian rupiah opened 0.01% weaker at Rp18,151 per US dollar on November 3 and quickly turned slightly stronger. Oil prices fell to about $104.77 per barrel on hopes of a US-Iran settlement, and Indonesia's inflation came in at 3.28%, below forecasts.
Lower oil prices ease imported inflation and FX pressure on an oil-importing emerging market, which can support demand for feed inputs priced in dollars. The rupiah's 1.42% October decline could push Bank Indonesia toward a more hawkish stance.
bloombergtechnoz.comTim Riset Bloomberg TechnozNov 3, 2026Not enough comparable past events yet for a historical read.
After 312 past bearish macro events, Crude Oil (Brent) moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% 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.
