Loading…
Bank Indonesia's Head of Monetary Management Nanang Hendarsah said the central bank would intervene in FX and domestic NDF markets and buy government bonds heavily to maintain confidence. The rupiah recovered from three-month lows and traded near 14,330 per dollar.
He warned that every emerging-market currency faced heavy pressure that day.
Heavy emerging-market currency pressure raises the local cost of imported feed ingredients for Indonesian buyers. Central bank intervention may limit near-term depreciation but does not remove the cost pressure.
octaafrica.netAug 6, 2019After 169 past neutral macro events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (50% higher; middle half -0.3% to +0.2%), and -0.0% 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.
