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The rupiah closed at 14,462 per dollar on July 30, up 0.14% from the prior day, after US second-quarter GDP came in below expectations. The Fed's dovish stance and President Joko Widodo's policy comments were also cited as supports.
A firmer rupiah modestly lowers import costs for Indonesian feed buyers, but the currency move is too small to affect global commodity prices.
fin.co.idA AdminJul 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.
