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The rupiah weakened 1.24% to 16,285 per dollar on Wednesday, December 19, its steepest drop since October, after trading near 15,900 on December 13. Bank Indonesia Governor Perry Warjiyo blamed global uncertainty, including Trump-era US policy, limited Fed rate cuts, dollar strength and geopolitical risk.
The sharp rupiah sell-off lowers Indonesian export prices in dollar terms, which can pressure palm oil and other Indonesian commodity values, though the effect is modest.
digivestasi.comDec 20, 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.
