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The rupiah reached 14,930 per dollar in early September, its lowest since the 1998 Asian financial crisis, and has lost about 9% in 2018. Analysts say Indonesia is among the most battered Asian currencies, hit by Fed rate hikes, the Argentine and Turkish crises, and the US-China trade war.
Currency pressure raises the local-currency cost of imported feed ingredients and can trigger policy responses that affect trade and commodity flows in Southeast Asia.
voanews.comMax WaldenSep 11, 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.
