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The rupiah was steady at 15,698 per dollar in Jakarta morning trade after the dollar weakened following US data. Indonesian sovereign bonds drew foreign inflows on the new president's fiscal discipline signals, and five-year USD CDS stood at 67bps.
A stable rupiah and firm sovereign demand reduce near-term import cost pressure for Indonesian feed buyers.
mnimarkets.comJamie GrantOct 31, 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.
