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Goldman Sachs said the rupiah has outperformed regional peers despite risk-off sentiment, partly because foreign bond positioning is low at 23%. It also cut its 2021 Indonesian growth forecast to 3.4%, citing stricter Delta-related restrictions in Java and Bali, and advised against going long.
Tighter mobility restrictions in Java and Bali weaken domestic feed and livestock demand, and the currency outlook affects the local cost of imported feed ingredients.
octaafrica.netJul 26, 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.
