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The rupiah's slide continued past 16,400 per US dollar, with officials pointing to uncertainty over Fed rate policy and geopolitical tensions. Investors also worry about the fiscal stance of the incoming Prabowo government, and President Widodo convened the financial stability committee.
Continued currency weakness raises the cost of imported feed ingredients and fuel for Indonesian producers. Fiscal uncertainty could keep the rupiah under pressure and sustain higher import costs.
cnbcindonesia.comArrijal Rachman, Emir YanwardhanaJun 23, 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.
