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Indonesian analysts said the rupiah's rebound over the prior two weeks was temporary and driven mainly by global factors, including the US midterm election result and expectations of a US-China meeting at the G20. On November 8 the rupiah traded at Rp14,651 per dollar, after falling to Rp15,237 on October 30.
A rupiah rebound driven by temporary global factors could reverse, which would raise the dollar cost of imported feed ingredients for Indonesian buyers.
bbc.comNov 8, 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.
