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The rupiah closed at Rp14,180 per US dollar on April 25, 2019, down 0.64% and its weakest since April 3, making it the second-weakest currency in Asia after the won. Investors shifted to the dollar on weak German business sentiment and ahead of US-China trade talks in Beijing.
Rupiah weakness raises the dollar cost of imported feed for Indonesian buyers. The story is about currency flows, not a change in feed supply or demand.
cnbcindonesia.comHidayat SetiajiApr 25, 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.
