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Bank Indonesia said the US-Iran military tensions have only a short-term effect on Indonesia's economy and have not put significant pressure on the rupiah. The rupiah strengthened slightly to 13,813 per dollar on January 10.
The central bank said it would keep monitoring developments and that the upcoming US-China first-phase trade deal was seen as a positive for markets.
The central bank's view suggests limited currency disruption from Middle East tensions, so Indonesian feed import costs are unlikely to shift much from this source.
en.antaranews.comAzis KurmalaJan 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.
