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The rupiah strengthened on October 28, closing 13 points higher at Rp16,608 per dollar. Traders cited optimism over a US-China trade deal and expectations of a Federal Reserve rate cut, and the currency held firm despite new US sanctions on Lukoil and Rosneft.
A stronger rupiah lowers the local cost of dollar-priced feed imports, which eases pressure on Indonesian feed costs. The move is a small reaction to trade and rate expectations.
jakartaglobe.idNatasha Khairunisa AmaniOct 28, 2025Not 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.
