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The rupiah snapped a six-day losing streak on June 21, 2022, closing at 14,810 per dollar after a rebound of about 0.13%. The US dollar index fell 0.52% to 104.15 as traders awaited Fed Chair Powell's congressional testimony.
A short-lived dollar pullback gives limited relief to Indonesian feed costs, as the broader trend of Fed-driven dollar strength still favors higher import prices.
cnbcindonesia.comPutu Agus PransuamitraJun 21, 2022Not enough comparable past events yet for a historical read.
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.
