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The rupiah rose 0.2% to 14,080 per dollar ahead of a Bank Indonesia meeting, as Asian currencies gained after weak US manufacturing data. Analysts noted Indonesia's policy credibility and substitution of Australian coal for Indonesian coal by China.
Currency moves of this size have little direct effect on feed commodity prices, though a firmer rupiah modestly lowers local import costs.
financialpost.comReutersOct 19, 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.
