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Bank Indonesia Governor Perry Warjiyo said the rupiah has room to appreciate further after it held steady following the Federal Reserve's rate cut. He cited low inflation and good economic prospects, and said the Fed cut had been priced in by markets, while the currency traded near 14,050 per dollar.
Official comments signaling rupiah strength would lower the local cost of dollar-priced feed ingredients for Indonesian buyers, though the currency has been stable near 14,000.
bangkokpost.comReutersNov 1, 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.
