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Bank Indonesia conducted a "bold" foreign exchange intervention on Friday after the rupiah fell to its weakest level against the US dollar since March 2020. A central bank official said the rupiah's depreciation was due to Donald Trump's trade policies.
A weaker rupiah raises Indonesia's cost of imported feed ingredients and can squeeze local feed millers' margins, while the central bank's intervention signals it may limit further rate cuts.
reuters.comFeb 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.
