Loading…
The rupiah traded near 14,350 per dollar as Indonesia's senior minister said the domestic coal supply emergency was over. Palm oil prices rose for a third straight week, supporting the currency, while a pullback in US yields also weighed on the dollar.
Stronger palm oil prices improve Indonesia's export earnings and support the rupiah, which lowers the cost of imported feed. Coal supply normalisation reduces domestic energy stress.
octaafrica.netJan 7, 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.
