
The rupiah weakened 0.03% to 18,095 per US dollar at Monday's open. A stronger-than-expected US payrolls report, which showed 165,000 jobs added in October and unemployment falling to 4.1%, raised expectations of a Federal Reserve rate hike in December; hopes for Middle East peace could limit the currency's decline.
A stronger dollar can raise the cost of dollar-priced imports for Indonesian buyers, including feed commodities. The story points to modest upward pressure on the dollar against the rupiah.
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.