Indonesian Rupiah weakens amid stronger US Dollar, higher oil prices
USD/IDR gains as expectations for an upcoming US Federal Reserve interest rate hike boosted the US Dollar.
CME FedWatch Tool indicates the odds for a Fed rate hike surged above 92%, driven by August's CPI inflation data.
US 10-year Treasury yields approached 5%, placing heavy pressure on non-yielding metals like Silver.
USD/IDR gains as expectations for an upcoming US Federal Reserve interest rate hike boosted the US Dollar.
CME FedWatch Tool indicates the odds for a Fed rate hike surged above 92%, driven by August's CPI inflation data.
US 10-year Treasury yields approached 5%, placing heavy pressure on non-yielding metals like Silver.