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The Wall Street Journal reported that the rupiah, after a recent depreciation, is expected to stabilize this year. A quoted Bank Indonesia statement said the central bank has kept the dollar below 13,800 rupiah.
Expected currency stability reduces the risk of sharp increases in Indonesian import costs for feed ingredients. The central bank's defense of the level limits upside pressure on dollar-priced commodities.
wsj.comI Made SentanaMar 14, 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.
