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The rupiah was expected to strengthen on the final trading day of 2019, with analysts forecasting a range of Rp 13,890 to Rp 13,950 per US dollar. The forecast linked the move to broad US dollar weakness after four days of declines in the dollar index.
A firmer rupiah on broad dollar weakness modestly reduces the local cost of imported feed ingredients for Indonesian buyers.
ekbis.sindonews.comRina AnggraeniDec 31, 2019Not enough comparable past events yet for a historical read.
Not 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.
