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The rupiah opened 0.09% stronger at Rp14,620 per dollar, extending a multi-week rally. Analysts cited expectations of a narrowing current account deficit from consecutive trade surpluses and hopes for a US fiscal stimulus deal.
A stronger rupiah on trade surpluses and external stimulus hopes lowers the local cost of imported feed ingredients, but a failed US deal could reverse the gains.
banten.antaranews.comSambasOct 22, 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.
