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The rupiah strengthened 0.19% to Rp14,632 per dollar on August 28 after Japanese Prime Minister Shinzo Abe announced his resignation for health reasons. Most Asian currencies also firmed, with the yen rising 0.72%, and the Fed's policy stance was cited as another factor.
Regional currency strength lowers import costs for Asian feed buyers, but the move is driven by political news and dollar sentiment rather than changes in agricultural supply or demand.
katadata.co.idAgatha Olivia VictoriaAug 28, 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.
