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An investor.id commentary argues that stronger economic fundamentals are needed for a lasting recovery in the rupiah. It notes the currency closed at 16,413 per US dollar on June 26 after a rise in US consumer confidence.
The piece describes general currency conditions rather than a new policy or shock, so it has limited direct effect on feed prices. It reflects the continued pressure on Indonesian import costs.
investor.idThomas E HarefaJun 27, 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.
