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Finance Minister Sri Mulyani told parliament on May 31, 2021 that the rupiah is likely to strengthen, though only slightly, as US monetary policy remains accommodative. She projected the 2021 rate at 14,200 to 14,800 per dollar, with an outlook of 14,450, and noted that Indonesia's exports are growing faster than imports.
A government forecast of a firmer rupiah supports lower import costs for feed ingredients priced in dollars. The projection is a policy assumption rather than a market shock, so its price effect is limited.
ekonomi.republika.co.idNidia ZurayaMay 31, 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.
