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Indonesia's rupiah fell sharply on Feb 28, 2020, and was set for its worst week since 2013, prompting central bank intervention in the spot market. Most other Asian currencies also weakened but stayed within tight ranges as fears over the coronavirus economic impact grew.
Rupiah weakness raises the local cost of imported feed ingredients and increases the risk of capital outflows from emerging Asia, which can pressure regional feed demand and prices.
reuters.comNikhil NainanFeb 28, 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.
