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The rupiah's rally toward 14,000 per dollar paused over a holiday, after gaining 0.23% to 14,073. Bank Indonesia reported expectations of a current account surplus in Q3 2021 and a smaller full-year deficit, and large capital inflows were also supporting the currency.
Stronger rupiah and better external balances lower the local cost of imported feed ingredients, a modest benefit for Indonesian buyers.
cnbcindonesia.comPutu Agus PransuamitraOct 21, 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.
