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The rupiah weakened 0.15% to 15,018 per US dollar on July 27, 2022, breaching 15,000. Bank Indonesia said the decline reflects global currency weakness amid aggressive Fed rate hikes and that it is using triple intervention to balance FX supply and demand.
A weaker rupiah makes Indonesian imports of feed ingredients such as soybean meal and corn more expensive in local currency, while supporting Indonesian palm oil export competitiveness.
cnbcindonesia.comCNBC Indonesia TVJul 27, 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.
