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The rupiah closed up 0.16% at Rp 15,485 per dollar on Friday December 1, as Indonesia's November manufacturing PMI rose to 51.7. The dollar index fell 0.10% to 103.32, and most Asian currencies were mixed against the dollar.
Traders noted the Fed might hike or begin easing by mid-next year.
A firmer rupiah and a weaker dollar reduce the local cost of imported feed inputs for Indonesian buyers. The move is a routine currency update with no new supply or demand shock for feed commodities.
market.bisnis.comArtha Adventy, Ibad DurrohmanDec 1, 2023Not enough comparable past events yet for a historical read.
Not 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.
