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Bank Indonesia said the rupiah remains driven by external factors, mainly US-China trade negotiations and renewed US tariff threats on Chinese goods. The rupiah traded around Rp 14,380 per dollar on May 28.
Domestic inflation pressures from Ramadan and Idul Fitri were described as manageable.
Trade-war risk-off flows weaken emerging-market currencies such as the rupiah, which raises the local cost of imported feed commodities and pressures Indonesian feed margins.
thejakartapost.comNews DeskMay 28, 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.
