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The rupiah weakened against the US dollar on 28 January 2020, extending the previous day's losses and trading near 13,650 per dollar. Investors were pulling back from higher-risk assets amid the spreading coronavirus outbreak, which had killed 106 people in China and infected cases in several other countries.
Risk-off flows and a weaker rupiah raise the local cost of imported feed ingredients for Indonesian buyers, while the virus fears also weigh on global demand expectations.
cnbcindonesia.comPutu Agus PransuamitraJan 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.
