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The rupiah rose about 1% against the dollar after Indonesia approved its first omnibus investment law, aimed at cutting red tape and creating jobs. The currency had lost 4.1% in the September quarter amid concerns over central bank independence and debt monetization.
A firmer rupiah lowers the local-currency cost of imported feed inputs for Indonesian buyers, though the gain is viewed as a structural, longer-term reform rather than an immediate shift.
bloomberg.comDavid FinnertyOct 11, 2020
straitstimes.comOct 12, 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.
