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The rupiah hovered near 14,400 per dollar on Friday ahead of Bank Indonesia's policy decision. Analysts expected a hike and debated whether 25 bps would be enough, while the central bank was selling dollars and buying bonds to defend the currency.
Pre-decision currency weakness and the defense measures point to continued pressure on the rupiah, which raises dollar-priced feed import costs for Indonesian buyers.
indonesia-investments.comR.M.A. van der SchaarJun 29, 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.
