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The rupiah strengthened against the US dollar in Jakarta interbank trading, trading at 15,600 per dollar after a small gain. Analysts attributed the move to concerns that aggressive Federal Reserve rate hikes could weaken the US economy.
A modest rupiah rebound eases import costs for Indonesian feed buyers only marginally, as the currency remains near multi-year lows.
antaranews.comCitro AtmokoOct 26, 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.
