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Bank Indonesia Governor Agus Martowardojo said the rupiah's depreciation against the US dollar, about 1.25% year to date through March 26, 2018, is still reasonable. He said the rupiah has traded around 13,700 to 13,800 per dollar over the past two weeks and that the central bank will keep intervening to maintain stability.
A weaker rupiah makes imported feed inputs and US commodities more expensive for Indonesian buyers, while the central bank's intervention limits near-term volatility. Pressure is linked to US rate expectations and trade policy rather than local factors.
antaranews.comCitro AtmokoMar 28, 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.
