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The rupiah weakened beyond 14,700 per dollar, approaching a two-decade low, while the Jakarta Composite Index fell 1.19%. Indonesia's Q2 2018 current account deficit was $8.0 billion, or 3.0% of GDP, and Bank Indonesia has raised its policy rate by 1.25 percentage points over three months.
The widening current account deficit and currency weakness raise Indonesia's import costs for feed and reduce investor appetite for local assets, which can pressure feed demand and pricing.
indonesia-investments.comIndonesia InvestmentsAug 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.
