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Bank Indonesia's Nanang Hendarsah said the rupiah fell 0.35% to Rp 14,170 per dollar on June 26, 2019, in line with other Asian currencies. He attributed the move to Fed Chair Powell's signal that rate cuts were coming without a firm timing, and to uncertainty over the US-China trade talks.
Rupiah weakness raises the local cost of dollar-denominated feed imports, while the Fed and trade signals point to continued currency volatility.
cnbcindonesia.comHerdaru PurnomoJun 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.
