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The rupiah closed slightly stronger at 14,483 per US dollar on July 29, supported by the Federal Reserve's decision to hold rates at 0.25% and avoid clear tapering signals. Daily Covid infection numbers in parts of Java were also falling.
Dovish Fed policy weakens the dollar, which generally supports Indonesian import costs and commodity demand in local currency terms; the price impact on feed grains is limited.
antaranews.comCitro AtmokoJul 29, 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.
