
Bank Indonesia attributed the rupiah's slide toward 16,700 per dollar in recent days to global uncertainty. A rising dollar index and high US Treasury yields have driven risk-off flows out of emerging markets, including Indonesia.
The central bank is intervening in spot, NDF and secondary bond markets to stabilise the currency.
A stronger dollar and capital outflows push up the rupiah cost of imported feed inputs, squeezing Indonesian feed buyers. The pressure is likely to persist while US yields stay high.
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.