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The rupiah weakened 39 points to 14,069 per dollar on Thursday in Jakarta interbank trading. Analysts blamed slow US-China trade negotiations and a slowdown in Chinese growth, and USTR Lighthizer said it was too early to predict the outcome.
Stalled US-China talks keep emerging-market currencies under pressure and raise uncertainty over China's soybean and grain purchase commitments.
antaranews.comCitro AtmokoFeb 28, 2019Not enough comparable past events yet for a historical read.
After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% 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.
