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The rupiah extended its decline on November 21, 2024, following Bank Indonesia's rate decision and the dollar's gains after Trump's election win. Bank Indonesia Governor Perry Warjiyo said US political changes had strengthened the dollar and pulled capital back to the US.
Capital flight back to the US and a firmer dollar weaken the rupiah and raise the cost of dollar-denominated feed imports for Indonesia.
indonesiasentinel.comBeckyNov 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.
