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Bank Indonesia Governor Perry Warjiyo said the rupiah remains undervalued and is expected to keep strengthening toward its fundamentals, citing lower inflation, a smaller current account deficit and rising foreign capital inflows. The rupiah traded between 14,740 and 14,750 per dollar that day.
He also noted that the currency does not yet reflect its pre-pandemic fundamental value.
Expected rupiah strength would lower the cost of dollar-priced feed imports for Indonesian buyers. The statement is a central bank outlook, and its impact on global feed prices is minimal.
investor.idTriyan PangastutiMay 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.
