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The rupiah weakened toward 15,650 per dollar as Indonesia's November trade balance beat expectations while imports and exports slowed. Parliament also passed a law expanding Bank Indonesia's responsibilities, raising independence concerns.
Concerns about central bank independence and a weaker rupiah can raise import costs for Indonesian buyers of feed inputs, with limited direct effect on global feed prices.
teletrade.orgDec 15, 2022Not 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.
