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The rupiah dropped as much as 1.2% to a record low despite central bank currency intervention. The country's president downplayed the currency's fall.
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A weaker rupiah makes imported soymeal, corn and wheat more expensive for Indonesian feed mills, which can reduce import demand at the margin.
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.