Loading…
The rupiah closed 0.34% stronger at 14,450 per dollar, supported by the US Federal Reserve's accommodative stance. Analysts attributed the move mainly to the Fed's effect on the dollar and to easing inflation expectations.
A stronger rupiah reduces the local-currency cost of imported feed ingredients for Indonesian buyers. The move reflects dollar weakness rather than a change in Indonesian fundamentals.
megapolitan.antaranews.comM. TohamaksunApr 29, 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.
