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The rupiah rose 45 points to close at Rp14,188 per dollar in Jakarta on Wednesday evening as investors anticipated a dovish tone from the Federal Reserve. Analysts expected the Fed to hold rates at its meeting that week, and Fed Chair Jerome Powell said the fed funds rate was near normal levels.
A firmer rupiah eases import costs and debt-servicing pressure for Indonesia, a major buyer of feed ingredients such as soymeal and corn, with little direct effect on grain prices.
en.antaranews.comCitro Atmoko, SuhartoMar 20, 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.
