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USD/IDR rebounded from a multi-month low near 13,955 on July 22, 2019, as the dollar regained strength. The move followed a New York Fed statement that undercut dovish signals from President Williams, and Bank Indonesia's rate cut weighed on the rupiah.
Dollar strength against the rupiah raises the local cost of dollar-denominated feed imports for Indonesian buyers.
octaafrica.netJul 22, 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.
