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The Indonesian rupiah strengthened to Rp14,551 per dollar on Monday, gaining 0.56% in the Jakarta interbank market. Analysts attributed the move to broad US dollar weakness against other currencies and low domestic demand for foreign currency.
A firmer rupiah lowers the local cost of imported feed ingredients such as soybean meal and corn, which can ease feed-mill margins in Indonesia. The move is routine currency trading with no major shift for agricultural prices.
en.antaranews.comCitro Atmoko/SuhartoAug 31, 2020Not enough comparable past events yet for a historical read.
Not 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.
