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On August 27, the rupiah and most Asian currencies reversed to strengthen against the US dollar in afternoon trading. The rupiah closed at Rp14,650 per dollar, up 0.14%, with traders focused on Fed Chair Powell's upcoming Jackson Hole speech on monetary policy framework.
Dollar moves tied to Fed policy influence the cost of dollar-priced grain and oilseed imports for Asian feed buyers. This is routine intraday currency commentary with no new supply or demand driver for agricultural commodities.
cnbcindonesia.comPutu Agus PransuamitraAug 27, 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.
