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Indonesia's central bank governor told parliament the bank will intervene in the currency market if the rupiah strengthens too far, though the current level is acceptable. The rupiah had closed the prior week at its strongest level in almost two years, at 13,565 per dollar.
Central bank intervention to cap rupiah gains would limit the appreciation that lowers local import costs for feed buyers, but it has minimal effect on global feed grain prices.
businesstimes.com.sgJan 26, 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.
