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Mizuho Bank forecast the Indonesian rupiah would remain robust against the US dollar in July 2022, supported by a large trade surplus after palm oil export restrictions were lifted. It flagged risks from rising inflation, aggressive central bank tightening and global downturn fears that could weaken emerging-market currencies.
Palm oil export resumption supports Indonesian trade flows and export receipts, while the currency outlook affects the cost of imported feed ingredients.
teletrade.orgJul 11, 2022After 86 past neutral macro events, PALMOIL moved a median +0.3% over 5 sessions (56% higher; middle half -1.6% to +2.0%), and +1.0% over 20.
Not 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.
