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The rupiah fell to a three-week low of Rp15,103 per dollar before recovering to close at Rp15,080. The move followed the Bank of Japan's surprise loosening of its yield curve control, which lifted the dollar.
Analysts also cited corporate dividend payments and lower commodity prices weighing on Indonesian exports.
A weaker rupiah makes dollar-priced feed imports more expensive for Indonesian buyers. Falling commodity prices that cut export earnings add to the pressure on the currency.
bloombergtechnoz.comRuisa KhoiriyahJul 31, 2023Not 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.
