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The rupiah strengthened 3.33% over the week to close at Rp 14,995 per US dollar on March 31, its third straight weekly gain. The move followed broad US dollar weakness, weak US economic data and foreign fund inflows into Indonesia.
A firmer rupiah lowers the local currency cost of dollar-priced feed imports. The move is a modest easing of Indonesian feed input costs.
investasi.kontan.co.idAkmalal HamdhiMar 31, 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.
