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The rupiah weakened to Rp14,199 per US dollar over the weekend of April 26, 2019, after the presidential election and a Bank Indonesia board meeting. Analysts attributed the move mainly to external factors, including stronger-than-expected US economic data.
Rupiah weakness makes imported feed ingredients more expensive for Indonesian buyers. The move is driven by dollar strength rather than any agricultural supply change.
en.antaranews.comCitro A, SuhartoApr 26, 2019After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.
