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The rupiah sank to record lows near 17,600 per US dollar, crossing the 17,000 psychological level. Investors are concerned about Indonesia's fiscal outlook, inflation pressure from rising oil prices, and central bank independence.
The currency has lost about 5% year to date.
A sharply weaker rupiah raises the cost of imported feed ingredients for Indonesian buyers and can reduce demand for US and Brazilian feed commodities priced in dollars.
channelnewsasia.comOlivia MarzukiMay 21, 2026Not 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.
