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The rupiah weakened against the US dollar at the open on June 26, 2023, falling 42 points to Rp 15,040 per dollar. Analysts attributed the move to rising global recession fears and interest rate hikes in several European countries.
A weaker rupiah raises the local-currency cost of imported feed ingredients such as soybean meal and corn for Indonesian buyers, while the story has no direct effect on grain prices.
investor.idGrace El DoraJun 26, 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.
