
The rupiah opened 0.03% weaker at Rp18,145 per dollar on November 3, extending a small decline from the prior session. The dollar index edged up to 101.8 after falling the previous day, and Brent dropped more than 7% on Monday as Iran said talks with the US to end the war were continuing.
Dollar strength and falling oil prices offset each other for rupiah-denominated import costs, so the net effect on Indonesian feed buyers is modest. Expectations of further US rate hikes keep emerging-market currencies under pressure.
Not 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.
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.