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The rupiah slid to 14,750 per dollar, its weakest since the 1998 Asian financial crisis, prompting central bank intervention. Benchmark bond yields rose 10 basis points to their highest since 2016 and the Jakarta Composite Index fell as much as 1.3%.
Currency weakness and higher local borrowing costs increase the cost of importing feed ingredients for Indonesia, which tends to weigh on local feed demand and margins.
bloomberg.comRuth Carson, Karlis SalnaAug 31, 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.
