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A Jakarta money-market analyst attributed the rupiah's recent weakness to the US Federal Reserve's 25 basis point rate hike to 1.50-1.75%. He expected the pressure to be short-term and noted that protectionist US trade policy could restrain the dollar.
Fed tightening draws capital out of emerging markets, pressuring Indonesian currency and raising import costs for feed ingredients. The analyst's view that the pressure is temporary suggests limited lasting price impact.
investor.idGora KunjanaMar 23, 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.
