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Tensions in global financial markets over the US debt crisis have eased after talks between President Biden and House Speaker McCarthy showed progress. The rupiah nonetheless weakened after the easing, and Indonesian economic growth has slowed.
Persistent rupiah weakness despite easing global risk raises import costs for Indonesian feed buyers, and slowing domestic growth points to softer local demand.
tempo.coYopie Hidayat, Fery FirmansyahMay 27, 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.
