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Bank Indonesia expects rupiah volatility against the dollar in 2019 to be lower than in 2018, mainly because the Fed has turned dovish. The Fed kept rates at 2.25-2.5% and signaled fewer hikes over the next two years.
BI still plans to watch global risks closely.
Lower expected currency volatility supports stable import costs for Indonesian feed buyers, with no direct price impact on grains or meal.
liputan6.comIlyas Istianur PradityaMar 24, 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.
