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The rupiah weakened 0.29% to 14,585 per dollar in interbank trading on July 30 after the US Federal Reserve held its policy rate at 0.25%. US Treasury yields fell to around 0.58%, signalling continued demand for safe-haven dollar assets.
Currency moves in Indonesia affect the local cost of imported feed ingredients, but the effect on global feed commodity prices is small.
papua.antaranews.comMuhsidinJul 30, 2020After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% over 20.
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.
