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Indonesia's central bank governor Perry Warjiyo said he expects the rupiah to move toward 15,000 per dollar by year-end. He called the current level adequate but said the currency was undervalued, with the rupiah trading near 16,540 at the time.
An expected rupiah recovery would reduce the cost of dollar-priced feed imports for Indonesian buyers. The forecast is a policy signal rather than a new shock, so its price impact is modest.
reuters.comApr 2, 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.
