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Bank Indonesia said the rupiah's sharp fall to a four-month low on Thursday, December 19, reflected the US Federal Reserve's policy outlook. Markets had read the Fed as more hawkish than expected, and the rupiah weakened as much as 1.03% to 16,250 per dollar.
Hawkish Fed signals strengthen the dollar and tighten emerging-market financial conditions, which can weigh on Indonesian export prices and raise import costs.
brecorder.comReutersDec 19, 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.
