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The Indonesian rupiah eased from the highest level since December 3, trading near 14,185 per US dollar, after November trade data beat forecasts. Exports rose 9.54% year on year and the trade surplus widened to $2.62 billion.
A firmer rupiah lowers the local-currency cost of Indonesian palm oil and other exports, which can modestly ease pressure on regional vegetable oil and feed-ingredient prices.
octaafrica.netDec 15, 2020Not 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.
