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The rupiah weakened against the US dollar at the start of trading on September 28, with US$1 at Rp 14,840 and the Dollar Index up about 1% over the prior week. Analysts pointed to the US election, stalled US fiscal stimulus and safe-haven flows into the dollar.
A firmer dollar raises the cost of rupiah-denominated imports and keeps pressure on Indonesian feed-ingredient buyers. The impact on global feed commodity prices is limited.
cnbcindonesia.comHidayat SetiajiSep 28, 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.
