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The rupiah opened 0.04% stronger at Rp18,149 per dollar, supported by falling crude oil prices and hopes for a US-Iran diplomatic settlement. Brent fell below $105 a barrel and WTI dropped to about $96.50.
Lower oil prices ease Indonesia's energy import costs and fiscal pressure, which supports the currency. Cheaper energy also eases the cost of freight and fuel for feed supply chains.
market.bisnis.comNewswireNov 3, 2026After 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.
After 565 past bearish macro events, WTI moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% 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.
