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The Indonesian rupiah closed slightly weaker on Tuesday, November 3, at Rp18,160 per US dollar, down 4 points from Rp18,156. Traders focused on the US midterm elections that day and on upcoming US data including JOLTS, ADP, ISM Services and Friday's nonfarm payrolls.
Reports of US strikes on Iran's Qeshm Island and signals of diplomacy around the Strait of Hormuz also weighed on sentiment.
A weaker rupiah raises the local-currency cost of imported feed ingredients such as soybean meal and corn, which Indonesia buys largely in US dollars. Dollar strength tied to Fed expectations and Middle East tensions can add to import costs for feed millers.
mediaindonesia.comGana BuanaNov 3, 2026Not enough comparable past events yet for a historical read.
After 359 past neutral macro events, DXY moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% 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.
