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The rupiah awaited renewed US-China trade talks at the start of the week after strengthening 0.28% to 14,198 per dollar on Friday, August 30. Bank Mandiri's economist said the prospect of talks is a positive sentiment for the currency.
Bank Indonesia's mid-rate was 14,237 per dollar.
A weaker trade-war backdrop tends to pressure Asian currencies and the rupiah, while talk of renewed negotiations supports risk appetite. For feed buyers, a firmer rupiah lowers the local-currency cost of imported soymeal and corn.
investasi.kontan.co.idAdrianus OctavianoAug 31, 2019After 14 past neutral trade events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (57% higher; middle half -0.2% to +0.4%), and -0.1% over 20.
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.
