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Economist Mirza Adityaswara said the rupiah's movements are closely tied to US interest rates, weakening when US rates rise and strengthening when they fall. He expected US rates to decline in 2019 and 2020, which would support the rupiah.
A lower US rate outlook that supports the rupiah would reduce the local cost of imported feed ingredients for Indonesian buyers, with no direct price impact on global grain markets.
cnbcindonesia.comCNBC Indonesia TVJan 29, 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.
