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The rupiah pulled back toward 15,650 after Indonesian inflation in November came in below forecasts at 5.42% year on year. Core inflation also eased but remained above Bank Indonesia's target range.
Softer inflation supports the rupiah and lowers pressure for further Indonesian rate hikes, with minimal direct effect on feed commodity prices.
teletrade.orgDec 1, 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.
