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The rupiah traded near 14,075 per dollar as optimism over US-China trade talks and broad dollar weakness pressured the pair. Indonesia's October trade balance data was due, with a deficit forecast, and Beijing was reported to welcome US poultry.
Trade optimism and a firmer rupiah lower the local cost of dollar-priced feed imports, though the trade balance release could shift direction.
octaafrica.netNov 15, 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.
