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The rupiah rose against the dollar ahead of Bank Indonesia's rate decision, with USD/IDR trading near 14,757 after a pullback from a three-month high. Broad dollar weakness and hopes for further US stimulus supported the move, while a magnitude 6.8 earthquake in Indonesia had limited impact.
Currency moves like this change the local-currency cost of imported feed inputs in Indonesia, but the story reflects routine forex trading rather than a new commodity supply or demand shock.
octaafrica.netAug 19, 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.
