Analysts said the rupiah remained pressured by a firmer US dollar and rising US 10-year Treasury yields, near 4.95-4.96%. If the dollar index and yields rise further, the rupiah could test Rp18,250 per dollar.
The spread between Indonesian 10-year government bonds and US Treasuries was about 276 basis points.
A weaker rupiah raises the cost of imported feed ingredients and can push up domestic feed prices, especially if the currency moves past Rp18,250.
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.
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.