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USD/IDR traded near 18,100 and retreated as oil prices fell following Trump’s remarks that further military action against Iran was unlikely if nuclear-program progress continued and the Strait of Hormuz stayed open. Strong US employment data and expectations of a December Fed rate increase limited the dollar’s decline, while Bank Indonesia intervened to contain volatility.
Softer oil reduces Indonesia’s energy-import bill and dollar demand, supporting the rupiah and easing local-currency costs for imported feed inputs. US rate expectations could temper the currency benefit.
tmgmasia.comAkhtar FaruquiNov 9, 2026Not enough comparable past events yet for a historical read.
After 312 past bearish macro events, Crude Oil (Brent) moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% 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.
