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The rupiah strengthened to 14,740 per dollar in early trade, helped by the easing of lockdowns in many countries and progress on COVID-19 vaccine research, including in Indonesia. Analysts noted that US-China tensions remain a concern for markets.
The article projected support at 14,650 and resistance at 14,850.
A stronger rupiah lowers the local cost of dollar-priced feed imports, while reopening supports recovering demand. The move is a short-term currency fluctuation with no clear effect on commodity supply.
money.kompas.comKiki SafitriMay 27, 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.
