Loading…
The rupiah gained for a second session on 8 November after Indonesia reported its fastest growth in over a year in third-quarter figures. Jakarta stocks fell as analysts expected strong growth to push Bank Indonesia toward more aggressive rate hikes.
The rupiah remains down nearly 10% against the dollar this year.
Expectations of higher Indonesian rates support the rupiah, which lowers the local cost of imported feed ingredients. Strong domestic demand also points to sustained feed demand in Indonesia.
brecorder.comReutersNov 8, 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.
