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The rupiah fell to a four-month low of 16,120 per dollar on Wednesday, December 18, as the strong dollar kept pressure on the currency since October. Bank Indonesia then held its policy rate steady and the rupiah pared losses to trade near 16,085.
A weaker rupiah makes Indonesian commodity exports cheaper in dollar terms, which can add modest pressure on Indonesian palm oil and other export prices, though the effect is limited.
reuters.comGayatri SuroyoDec 18, 2024Not 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.
