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The USD/IDR pair traded around 14,100 as traders weighed US-China trade risks against expectations that Bank Indonesia would hold its benchmark rate at 5.0%. Reports also noted that the US and Indonesia pledged to double bilateral trade volume over five years.
Currency swings in the rupiah affect the cost of imported feed inputs for Indonesian buyers, and the pair's direction hinges on trade headlines and central bank policy.
octaafrica.netNov 21, 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.
