
Indonesian rupiah and the Jakarta Composite Index weakened on September 29, with the rupiah opening at 18,000 per dollar after closing at 17,978 the previous day. INDEF economist Abra Talattov attributed the decline mainly to the global strong-dollar trend.
The currency was moving with most Asian peers.
A strong dollar and weak Asian currencies raise import costs for Indonesian feed buyers and can slow purchases of dollar-priced feed ingredients. The implication for global commodity prices is limited.
Not enough comparable past events yet for a historical read.
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.