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The rupiah fell 2.05% to 14,820 per US dollar on Friday, its weakest level since November 2018, as investors sold risky assets amid a global market rout. The currency had lost about 4% that week, among the worst performers in the region.
Foreign investors sold Indonesian shares and the 10-year government bond yield jumped sharply.
A sharp rupiah sell-off lifts the local-currency cost of dollar-priced feed ingredients for Indonesian buyers. The broad risk-off move also signals stronger dollar demand across emerging markets.
thejakartapost.comRiska Rahman, Prima WirayaniMar 13, 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.
