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The rupiah rose against the dollar on July 19, 2019, after Bank Indonesia cut its policy rate and expectations grew for a larger Fed cut. Market odds of a 50 basis point Fed cut rose to about 48%.
A weaker dollar on expected Fed easing supports emerging-market currencies, lowering the local cost of dollar-priced feed imports.
cnbcindonesia.comPutu Agus PransuamitraJul 19, 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.
