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The rupiah strengthened against the dollar at the Jisdor reference rate, closing at Rp 14,409 per dollar on July 30, its strongest level since July 19. The gain followed the government's revocation of the coal domestic market obligation (DMO), and the rupiah was one of only a few Asian currencies to rise.
A firmer rupiah lowers the local-currency cost of Indonesian imports, which is a modest supportive factor for feed input costs priced in dollars. The effect on grain and meal prices is limited.
cnbcindonesia.comHidayat SetiajiJul 30, 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.
