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The rupiah appreciated 3.4 percent against the US dollar in the first two trading weeks of November 2020, based on Bank Indonesia's Jisdor rate. The gain followed improved risk appetite in emerging markets tied to US developments, with the currency moving from about 14,625 at end-October to 14,170 by November 13.
A stronger rupiah lowers the local-currency cost of dollar-priced feed imports for Indonesian buyers, though the effect on global grain and oilseed prices is minimal.
indonesia-investments.comIndonesia InvestmentsNov 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.
