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UOB Indonesia forecasts the rupiah will reach around Rp 14,900 per US dollar by year-end. It cites corporate dollar repatriation ahead of Eid, Mei and June, and expected pauses in central bank rate hikes.
A forecast rupiah recovery would lower the local cost of dollar-priced feed imports over the year. The forecast is a view on currency direction, not a fresh shock to prices.
money.kompas.comRully R. RamliMar 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.
