Loading…
Bank Indonesia Governor Perry Warjiyo said the rupiah, trading between Rp14,000 and Rp14,200 per dollar, remained undervalued and could strengthen further. He cited expected Fed hikes this year, renewed capital inflows of Rp19 trillion since January, and a narrowing current account deficit forecast at 2.5% of GDP.
A stronger rupiah lowers the local cost of imported feed ingredients for Indonesian buyers, with no material direct effect on global feed prices.
centralkutabali.comMar 30, 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.
