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The rupiah appreciated from 14,460 to 14,265 per dollar during August, but MUFG expects gains to slow as Bank Indonesia extends its government bond purchases into 2022. Delta variant risks and Fed tapering are cited as factors.
Slower rupiah appreciation keeps Indonesian import costs for feed ingredients elevated, but the impact on commodity prices is limited.
octaafrica.netSep 3, 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.
