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The rupiah closed weaker on Monday, November 12, 2018, falling 167 points to 14,835 per dollar from 14,668. Analysts attributed the move to dollar strength on expectations of Fed rate hikes and rising US inflation, with US midterm results also weighing on Trump's legislative agenda.
A weaker rupiah raises the dollar cost of imported feed ingredients for Indonesian buyers, though the move was a single-session fluctuation.
en.republika.co.idReiny DwinandaNov 12, 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.
