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Credit Suisse economists expect USD/IDR to move lower toward 13,600-13,700 as Bank Indonesia allows gradual rupiah appreciation. They based this on strong export demand, subdued domestic demand, and positive trade and portfolio inflows.
A stronger rupiah lowers the local cost of dollar-priced feed imports, which is a modest benefit to Indonesian feed buyers.
teletrade.orgOct 20, 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.
