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Reuters reports that a weaker rupiah could expose Indonesian companies to about $4 billion of foreign-currency debt next year. Moody's downgraded several property and tyre firms, and the rupiah has lost about 15% this year, its weakest since 1998.
Corporate balance-sheet stress could curb spending and import demand in Indonesia while raising the local cost of dollar-denominated inputs. Currency weakness of this scale raises the cost of imported feed and feed ingredients.
investing.comApr 3, 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.
