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The rupiah weakened about 0.5% over the week to close at Rp15,105 per dollar on 28 July. Analysts linked the move to stronger US GDP and lower jobless claims, which supported the dollar.
Traders also pointed to China's stimulus announcement earlier in the week.
A weaker rupiah raises the cost of dollar-priced feed imports for Indonesian buyers. Continued US rate expectations keep this pressure in place.
investasi.kontan.co.idAkmalal HamdhiJul 30, 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.
