Loading…
The rupiah strengthened to Rp15,088 per US dollar on January 18, 2023, as US Treasury yields fell and the dollar weakened. Indonesia also plans to revise regulation PP 1/2019 on export proceeds so that more sectors must keep export earnings onshore.
Stronger rupiah and rules keeping export dollars domestic affect Indonesian commodity exporters' margins and palm oil and other export flows, which can influence regional vegoil prices.
investor.idGrace El DoraJan 18, 2023Not enough comparable past events yet for a historical read.
After 86 past neutral macro events, Palm Oil moved a median +0.3% over 5 sessions (56% higher; middle half -1.6% to +2.0%), and +1.0% over 20.
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.
