Loading…
Indonesian President Joko Widodo told ministers to make serious efforts to build foreign exchange reserves, saying 'the country needs dollars now.' He cited pressure from the global trade war, and the central bank has spent about $12 billion defending the rupiah, which is down roughly 6% this year.
Currency stress raises Indonesia's import costs for feed ingredients and fuel, and it may push the government toward export-earnings and biofuel policies. That supports demand for dollar-priced imports while pressuring local buyers.
cnbc.comReutersJul 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.
