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MUFG Bank expects the rupiah to weaken modestly against the dollar until early 2020, forecasting USD/IDR at 14,250 by Q4 2019 and 14,000 by Q3 2020. The rupiah gained in early September on US-China trade concessions but gave back most of those gains later in the month.
Analysts cited pressure from Brexit, ECB easing and a slowing global economy.
A weaker rupiah raises the cost of dollar-priced feed imports in Indonesia. The forecast points to a steady rather than sharp move in local feed costs.
octaafrica.netOct 2, 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.
