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Indonesia's trade minister said the rupiah should stabilize after it hit its weakest level since October 2015, with the dollar buying about 14,640 rupiah. He attributed the currency pressure to Fed rate hikes and US policy, and said authorities would keep using monetary and fiscal tools to defend the currency.
The official expectation of stabilization points to a possible easing of import cost pressure for Indonesian feed buyers, though the outcome depends on continued capital flows and policy support.
cnbc.comYen Nee LeeAug 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.
