Loading…
Kompas reports that rupiah weakness is linked to the US-China trade war spilling into a currency war. The rupiah's July 24 close of Rp 14,541 was the weakest of the year.
Bank Indonesia identified a planned Fed rate hike in September as the largest driver, along with yuan weakness and the trade dispute.
Expected US rate hikes and a stronger dollar raise the cost of dollar-priced feed imports for Indonesia. Pressure on the rupiah can also reduce buyers' purchasing power.
kompas.idTim Harian KompasJul 27, 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.
