An economist said the rupiah’s November 6 trading was being influenced by the Democratic Party’s decisive U.S. midterm victory. Investors initially showed greater risk appetite, then sold U.S. stocks and shifted away from AI-related shares toward safe havens amid concerns about tighter AI regulation; Indonesia’s third-quarter GDP growth accelerated to 5.47% year over year.
The risk-on and safe-haven shifts can affect the rupiah and, in turn, Indonesian import costs, while lower oil prices ease energy-related cost pressure. No direct feed-commodity supply change is identified.
After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% over 20.
After 312 past bearish macro events, Crude Oil (Brent) moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% 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.