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Oxford Economics expects the rupiah to weaken a further 0.8% by year-end because of US dollar strength driven by growth and rate differentials. It does not expect a sharp sell-off, and it sees the currency returning to an appreciating trend next year as growth rebounds.
Continued rupiah weakness would keep dollar-priced feed ingredient costs high for Indonesian buyers. The forecast suggests the pressure is gradual rather than a sudden spike.
oxfordeconomics.comApr 20, 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.
