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Indonesia's retail sales fell 16.3% year on year in November, according to a Bank Indonesia survey, and a deeper 20.7% contraction was forecast for December. The rupiah trimmed losses against the dollar despite the weak data, trading near 14,172.
Weak domestic demand reduces the pressure on Indonesian feed and food demand, though the effect on global grain and oilseed prices is minor.
forexcrunch.comFX StreetJan 12, 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.
