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The rupiah weakened 38 points to 16,413 per US dollar on June 26, pressured by expectations that the Fed will keep rates high for longer. Stronger US PMI and consumer confidence readings fueled that view.
Firm US data supports the dollar, which keeps import costs for Indonesian feed and ingredient buyers elevated. The effect on commodity prices is limited because the move is a routine daily fluctuation.
investor.idGrace El DoraJun 26, 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.
