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The rupiah snapped a four-day rally on January 17, 2023, falling 0.8% to Rp15,160 per US dollar after touching Rp14,975 the previous day. The rally had been driven by plans to revise the export proceeds regulation, and traders were awaiting Bank Indonesia's policy decision.
Currency moves tied to export-proceeds rules and central bank policy affect the cost of dollar-denominated Indonesian commodity exports and imports, though the impact on feed prices is indirect.
cnbcindonesia.comPutu Agus PransuamitraJan 17, 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.
