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The Indonesian rupiah fell up to 0.6% on November 21, 2024, to its weakest level since mid-August. The move followed Bank Indonesia's decision to hold rates and its focus on currency stability.
Other Asian currencies were mixed.
A weaker rupiah and reduced odds of near-term rate cuts raise financing and import costs in Indonesia, which can slow local feed and livestock demand.
brecorder.comReutersNov 21, 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.
