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Indonesian Finance Minister Sri Mulyani said FX volatility seen in April, driven by higher-for-longer US interest rates pulling capital from emerging markets, needed careful monitoring. The rupiah had hit its weakest level since the 2020 COVID selloff and the central bank made a surprise rate hike in April.
Sustained emerging-market currency stress raises import costs for Indonesian feed buyers and reflects the rate environment that is keeping the dollar firm.
finance.yahoo.comReutersMay 7, 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.
