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Bank Indonesia's deputy governor said the rupiah's strengthening to around 13,600 per dollar matched the country's economic fundamentals. He also noted that global commodity prices were trending lower due to weak world trade.
Lower global commodity prices reinforce cheaper imported feed costs for Indonesian buyers, while the stable rupiah offers no major pricing shock.
finance.detik.comSylke Febrina LaucerenoJan 16, 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.
