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The rupiah fell 1.14% to 14,240 per dollar on February 26, its weakest level of the year. Rising US Treasury yields were the main pressure on the currency over the week of February 19 to 26.
The weekly currency move reflects US yield-driven pressure on emerging markets and carries little direct implication for feed commodity prices.
cnbcindonesia.comAristya RahadianFeb 28, 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.
