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Bank Indonesia's monetary department head Nanang Hendarsah said the central bank will keep letting the rupiah strengthen against the dollar, as the currency is still seen as undervalued. The rupiah had gained for three straight days, supported by a dovish Fed stance and softer US housing data.
A firmer rupiah lowers the local-currency cost of dollar-priced feed ingredients imported by Indonesia, easing pressure on feed mill margins.
cnbcindonesia.comChandra Gian AsmaraFeb 27, 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.
