The rupiah was forecast to trade between Rp18,075 and Rp18,200 per dollar on Monday. US nonfarm payrolls rose by 165,000 in October, well above expectations, and unemployment edged down to 4.1%; the stronger data increased expectations that the Federal Reserve would maintain a hawkish stance.
Stronger US data and expectations of tighter monetary policy can support the dollar and pressure the rupiah. That could increase the local-currency cost of imported feed ingredients and inputs.
Not enough comparable past events yet for a historical read.
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.
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.