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On November 6, 2024, Bank Indonesia said it was ready to stabilise the rupiah, including through intervention if volatility became excessive. The rupiah fell as much as 0.7% to 15,840, its weakest since August 13, after US election results.
Signals of central bank readiness to defend the currency may limit extreme rupiah moves, but the post-election dollar rally still raises import costs for Indonesian feed buyers.
reuters.comNov 6, 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.
