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The Indonesian rupiah fell to 14,777 per dollar on September 3, its weakest level since 1998 and down about 8.9% year to date. Bank Indonesia said it would intervene in foreign exchange and bond markets, with analysts citing the current account deficit and emerging-market turmoil.
A sharp rupiah slide raises Indonesia's import costs for feed ingredients and fuel and reflects broader emerging-market stress that can weigh on dollar-priced commodity demand.
cnbc.comWeizhen TanSep 3, 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.
