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The rupiah fell 0.5% to 16,642 per dollar on Tuesday, its weakest level since June 1998, before the central bank intervened and the decline narrowed. The currency has slumped more than 3% this year and is among the worst performers in emerging markets.
Persistent rupiah weakness raises the dollar cost of imported feed ingredients, which can squeeze margins for Indonesian buyers.
bloomberg.comMatthew BurgessMar 25, 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.
