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The rupiah closed 0.32% weaker at 14,220 per dollar on June 26 in interbank trading in Jakarta. Analysts linked the decline to investor concern over rising COVID-19 cases, which pushed buyers toward the US dollar as a safe haven.
Earlier in the session the currency had traded stronger alongside Asian equities.
Rupiah weakness against the dollar makes imports of feed and feed ingredients costlier for Indonesian buyers. Dollar strength in risk-off periods can weigh on emerging-market import demand.
papua.antaranews.comMuhsidinJun 26, 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.
