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The rupiah strengthened marginally to Rp14,092 per US dollar on Thursday amid renewed US-China trade tensions. Traders cited plans for a second tax amnesty program as a domestic support, while concerns grew after Trump signed Hong Kong protester bills that China opposed.
A stronger rupiah modestly lowers the local cost of imported feed ingredients such as soybean meal and corn, but the move is small and the trade-tension backdrop adds volatility for Indonesian feed buyers.
en.antaranews.comCitro Atmoko/Aria CindyaraNov 28, 2019Not 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.
