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The rupiah was expected to open stronger against the dollar on 31 July, following positive sentiment across Asian markets. Chinese services PMI data for July showed growth, while manufacturing remained in contraction.
US inflation pressure was reported to be easing.
A firmer rupiah would slightly lower the local-currency cost of dollar-priced feed imports. The effect on prices would be small.
investor.idGrace El DoraJul 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.
