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The rupiah closed 0.34% stronger at 14,565 per dollar, helped by a one-month low in US Treasury yields and a record high on Wall Street. Analysts said lower US yields could bring capital inflows to Indonesia.
Capital inflows that strengthen the rupiah lower the local cost of dollar-priced feed imports. The support depends on continued softness in US yields and dollar sentiment.
antaranews.comCitro AtmokoApr 16, 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.
