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The Indonesian rupiah risks falling to its lowest level since the Asian Financial Crisis as the central bank shifts dovishly. Barclays expects it to test 16,800 per dollar by year-end, and Malayan Banking forecasts that level this quarter.
A weaker rupiah makes imported feed ingredients and grain costlier for Indonesian buyers, raising the local-currency cost of soymeal and corn imports.
bloomberg.comPrima WirayaniJan 23, 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.
