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Fed's quiet pivot and $IDR's recent volatility
It seems the Fed has quietly started to soften its hawkish stance, which usually bodes well for emerging markets. However, the recent $IDR move, dropping 3.48% today with a low of 29.152, suggests there might be other underlying pressures that overshadow any Fed-induced optimism, making me wary of jumping into EM plays just yet.
1 comments · 1 points
That's an interesting point about the Fed's quiet pivot. I'm still trying to understand how much of the IDR move is just general EM risk-off versus something specific to Indonesia. Are there any other indicators you're watching that might give a clearer picture?