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Bank Indonesia intervened in currency and bond markets after the rupiah fell as much as 1.2% to 14,570 per US dollar, its biggest intraday drop since June. The central bank called the depreciation temporary and a reaction to a global stock selloff.
A weaker rupiah makes US dollar purchases of Indonesian goods more expensive in local currency terms, which can affect the cost of importing feed ingredients and the competitiveness of palm oil exports.
gulf-times.comBloomberg/JakartaDec 6, 2018Not 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.
