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Bank Mandiri's economist expects the rupiah to keep depreciating into early 2025, citing uncertainty ahead of Donald Trump's January 20 inauguration. The spot rate had dropped 1.31% to 16,222 per dollar in recent weeks, and the economist warned of continued volatility.
Expected rupiah weakness through early 2025 would keep Indonesian commodity exports cheaper in dollar terms, which can support export volumes but add cost pressure for importers.
jakartaglobe.idVinnilyaDec 23, 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.
