Loading…
The rupiah traded above 14,000 per dollar for the first time since December 2015 after weaker-than-expected Indonesian GDP growth. The currency had lost 3.2% over three months, the worst performance in Asia after the Indian rupee.
A rupiah above 14,000 raises the cost of dollar-priced feed imports for Indonesian buyers, and weak growth signals softer domestic feed demand.
bloomberg.comRieka Rahadiana, Y-Sing LiauMay 7, 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.
