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The rupiah rebounded in November after depreciating for months, trading at Rp14,475 per dollar. Bank Indonesia raised its benchmark rate 25 basis points in mid-November ahead of the Fed, and a domestic non-deliverable forward market launched in early November.
The current account deficit widened to 3.37% of GDP in Q3 2018.
The rupiah's rebound eases import costs for dollar-priced feed ingredients, but the wide current account deficit leaves the currency vulnerable to renewed pressure.
globalsourcepartners.comCyrillus HarinowoNov 29, 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.
