Loading…
The US dollar traded at about 15,837 rupiah on Thursday, its highest level in at least 20 years and close to the 1998 crisis peak. The rupiah ranged between 15,235 and 15,899 per dollar during the session.
Analysts noted the rupiah is among the worst-performing Asian currencies this year.
A near-record dollar against the rupiah increases the cost of imported feed and feed ingredients for Indonesian producers. Continued pressure could push millers to reprice feed or cut purchases.
finance.detik.comEduardo SimorangkirMar 19, 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.
