
The rupiah was expected to face renewed pressure after holding up the previous day, trading near Rp18,160 per dollar in NDF markets as the US dollar index rose to 101.89. Global bond yields rose, with the US Treasury yield up 5 basis points to 4.62% and Indonesia's 10-year yield up to 7.72%.
Higher global yields and a firmer dollar tighten financial conditions for emerging markets, weakening currencies like the rupiah and raising import costs for feed buyers.
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.