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The rupiah held near a two-week high against the dollar, with USD/IDR trading around 14,547 on July 28. Indonesia's finance minister proposed raising the 2021 fiscal deficit assumption to 5.2% of GDP, and national COVID-19 cases passed 100,000.
Expanded fiscal deficit plans and a firmer rupiah reflect currency-market sentiment, with limited direct impact on feed commodity prices.
octaafrica.netJul 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.
