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Indonesia's central bank said it expects the rupiah to gain further after the currency rallied to its highest level in almost 21 months. The rally reflected an improved outlook for Southeast Asia's largest economy and growing risk appetite among global investors.
A stronger rupiah lowers the local cost of imported feed inputs such as soymeal and wheat for Indonesian buyers, while the currency move has little direct effect on world feed grain prices.
bloomberg.comRieka RahadianaJan 10, 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.
