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The rupiah closed up 15 points at 15,810 per dollar on January 29, 2024. Analyst Ibrahim Assuaibi forecast further gains in the following session, with a range of 15,780 to 15,840.
He cited optimism that Indonesia's 2023 growth exceeded 5%, inflation was within target, and the trade surplus had lasted 40 months.
Domestic macro optimism and a steady currency reduce import-cost pressure for Indonesian feed buyers, but the effect on global commodity prices is limited.
en.tempo.coRirie RanggasariJan 30, 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.
