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The rupiah weakened against the dollar over the week to 28 July, closing at Rp15,105 per dollar. The Jisdor reference rate fell 0.38% over the same period.
Analysts attributed the move to stronger US economic data that supported the dollar.
The weaker rupiah increases the local cost of dollar-priced feed imports. The move reflects dollar strength driven by US rate expectations rather than any change in Indonesian commodity fundamentals.
investasi.kontan.co.idAkmalal HamdhiJul 28, 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.
