
The rupiah closed 9 points weaker at Rp18,156 per dollar on November 2 and was expected to stay under pressure on November 3. Two of three Federal Reserve officials called for further tightening, with Dallas Fed President Logan backing two more hikes and St. Louis Fed President Musalem calling for a near-term increase.
Expected US tightening strengthens the dollar and raises borrowing costs for emerging markets, which can squeeze Indonesian importers of feed ingredients. A firmer dollar tends to weigh on dollar-priced commodities.
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.
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.