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The Indonesian rupiah slipped past the psychological 16,000-per-dollar level on Friday, December 13, falling as much as 0.5% to 16,002. Bank Indonesia said it was carrying out a bold market intervention to defend the currency, which it said has stronger fundamentals.
Currency weakness driven by a firmer dollar and geopolitical risk raises the cost of Indonesian-sourced commodities in dollar terms, a minor factor for feed and oilseed pricing.
bloomberg.comPrima WirayaniDec 13, 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.
