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ANZ economists say the rupiah continues to benefit from carry trade demand and sees scope for further gains. They cite a current account surplus of 1.2% of GDP in Q1, the highest since 2010, and forecast USD/IDR at 14,200 by end-2023.
A stronger rupiah lowers the local cost of imported feed inputs for Indonesian producers, but the forecast has little direct effect on global feed commodity prices.
octaafrica.netJun 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.
