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The rupiah traded near 14,320 per dollar as Indonesia's November trade surplus shrank to $3.51 billion from $5.74 billion, with imports rising faster than expected. Traders also awaited the Federal Open Market Committee decision and its signals on faster tapering and 2022 rate hikes.
A narrower trade surplus weakens support for the rupiah, and a hawkish Fed would add dollar strength, both of which raise the cost of dollar-priced feed imports for Indonesian buyers.
octaafrica.netDec 15, 2021Not 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.
