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The dollar index fell 0.5% on July 29 after the Fed signalled no near-term tapering and US GDP missed forecasts. Analysts said the rupiah could become Asia's best-performing currency if market sentiment held, though Covid cases in Indonesia remained a risk.
A weaker dollar and a firmer rupiah lower Indonesian feed import costs in local terms; the effect on global grain and oilseed prices is minimal.
cnbcindonesia.comPutu Agus PransuamitraJul 30, 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.
