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The rupiah closed at Rp18,155 per US dollar on November 4, 20 points weaker than the prior session, while the dollar sold off globally after Democrats won control of both chambers of Congress in the November 3 midterms. Reuters reported the result could limit President Trump's policy agenda, and markets reacted with volatility in tech stocks.
Persistent rupiah weakness raises the cost of imported feed ingredients priced in dollars for Indonesian buyers, and raises the chance Bank Indonesia tightens policy. The divergence from a weaker dollar shows the pressure is domestic rather than a grain price signal.
fxstreet-id.comAdinda FirdausNov 4, 2026Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
