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The rupiah opened weaker on January 30 after breaching its 20-day moving average near 16,231 per dollar. Indonesia plans to cut state spending by about 8.5% after a scrapped tax hike, and the central bank sees room for more rate cuts.
Currency weakness and fiscal tightening raise the cost of imported feed inputs in Indonesia.
mnimarkets.comJamie GrantJan 30, 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.
