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Bank Indonesia intervened in the spot foreign exchange and domestic non-deliverable forward markets on June 12 to support the rupiah. The rupiah had fallen 1.23% to 14,122 per dollar as US equities dropped on fears of a second wave of coronavirus infections.
Indonesian stocks fell 0.5% and bond yields rose.
A weaker rupiah raises the local-currency cost of imported feed ingredients and can lift domestic feed prices. The effect on global feed commodity prices is limited.
brecorder.comReutersJun 12, 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.
