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Indonesian Finance Minister Sri Mulyani said foreign capital left Indonesian markets and the rupiah fell as the Fed signaled inflation was not yet tame enough for rate cuts. The rupiah stood at 16,024 per dollar, down 3.94% year to date, and bond market outflows reached Rp13.56 trillion in the month to date.
Capital outflows and rupiah weakness raise import costs for Indonesian feed buyers and signal tighter financing conditions for the livestock and feed sector.
ekonomi.bisnis.comMaria ElenaMay 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.
