
The rupiah traded at Rp18,149 per dollar on the morning of November 3, gaining 0.04%. Most Asian currencies were mixed, while major developed-market currencies weakened slightly against the dollar.
Analysts expected only limited gains, supported by falling crude prices on Middle East peace-talk hopes.
Sharp crude declines reduce pressure on oil-importing Asian currencies and on import-driven inflation, which helps domestic feed cost stability. The effect is limited while the dollar remains firm on rate-hike expectations.
After 312 past bearish macro events, BRENT moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% 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.