The rupiah weakened to Rp 18,109 per US dollar at Friday’s open, down about 0.15% from the previous close. The article attributes pressure in part to higher crude prices, reporting WTI at $90.52 a barrel and Brent at $98.29, above the oil-price assumption in Indonesia’s state budget.
Higher oil prices increase Indonesia’s import bill and add fiscal pressure, while a weaker rupiah makes dollar-priced energy imports more expensive. This combination can raise domestic input costs for feed and livestock producers.
Not enough comparable past events yet for a historical read.
After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% over 20.
After 323 past bullish macro events, Crude Oil (Brent) moved a median +0.7% over 5 sessions (58% higher; middle half -2.9% to +3.7%), and +1.3% 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.