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Finance Minister Sri Mulyani Indrawati said the rupiah could slide to 20,000 per dollar if the economy contracts sharply under the pandemic. That would be more than 15% weaker than the all-time low of 16,950 set during the Asian financial crisis.
A severe rupiah depreciation would raise the local cost of imported feed ingredients and fuel inflation in Indonesia. The warning signals downside risk to the currency that feed importers need to hedge.
bloomberg.comChester YungApr 1, 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.
