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The rupiah fell to 14,750 per dollar, its weakest since the 1998 Asian crisis, as contagion from currency crises in Argentina and Turkey spread to emerging markets. Bank Indonesia has spent foreign reserves and raised its policy rate four times since mid-May 2018.
Rapid currency depreciation and tighter monetary policy raise the cost of imported feed inputs in Indonesia and can weigh on local livestock and feed demand.
investasi.kontan.co.idKhomarul HidayatAug 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.
