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The rupiah slumped to a nearly three-year low against the dollar as a financial crisis in Turkey hit emerging markets. Indonesia has raised rates four times since mid-May and sold billions in reserves to stem the rout.
Emerging-market contagion and a weaker rupiah raise dollar-based feed import costs for Indonesian buyers, while aggressive rate hikes weigh on domestic demand.
bloomberg.comKarlis SalnaMay 9, 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.
