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Indonesia's central bank allowed the rupiah to strengthen after its 2018 depreciation was judged too deep, according to a senior official. The currency gained 1.5% on Wednesday, November 7.
Central bank tolerance of rupiah appreciation lowers dollar-denominated feed import costs in Indonesia, though the move is a single-day currency shift with limited direct effect on grain prices.
jp.reuters.comNov 7, 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.
