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Bank Indonesia said the rupiah remains firm despite volatility and has strengthened 0.9% point to point in September versus August. The central bank cited steady foreign capital inflows and high returns on domestic financial assets, with the rupiah up 2.3% year to date as of September 18.
A stable-to-stronger rupiah lowers the local currency cost of imported feed ingredients, which is mildly favourable for Indonesian feed buyers.
money.kompas.comFika Nurul UlyaSep 27, 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.
