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Bank Indonesia cut its benchmark rate by 25 basis points and lowered its 2021 growth forecast on February 18. The rupiah fell 0.4% to a three-week low on the next day as rising US yields drove bond outflows.
Rupiah weakness from rising US yields reflects capital outflows from emerging markets and has little direct effect on feed grain or meal prices.
financialpost.comReutersFeb 19, 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.
