An economist said the US midterm election results and falling oil prices influenced the rupiah’s movement on Friday. Risk appetite initially improved after the Democrats’ victory, but investors then shifted toward safe-haven assets amid concerns about potential tougher policies for the AI industry; Indonesia’s third-quarter GDP growth also accelerated to 5.47% year on year.
Shifts in global risk appetite and oil prices can affect foreign investment flows into Indonesia and the rupiah’s exchange rate. The competing domestic growth support and global uncertainty leave USDIDR exposed to volatility.
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.