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The rupiah closed Friday down 0.04% at Rp18,089 per dollar, though it gained about 0.32% over the week. An analyst cited higher crude oil prices, a stronger dollar, and global financial uncertainty as pressures, including concern that higher oil prices could increase Indonesia’s fuel-subsidy burden.
A weaker rupiah can raise the cost of imported feed ingredients, while higher oil prices can add to energy and transport costs. The reported oil move supports a bullish bias for crude, although the article’s focus is the currency outlook.
voi.idDidi KurniawanNov 9, 2026Not enough comparable past events yet for a historical read.
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.
