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The rupiah weakened five points on March 1, 2018, to 13,761 per US dollar in interbank trade in Jakarta. An analyst linked the move to expectations of a Fed rate hike in March, and said Bank Indonesia would intervene to limit volatility.
A weaker rupiah raises the local cost of dollar-denominated feed imports such as corn and soybean meal. The move is small and intervention is expected to contain it.
antaranews.comZubi MahrofiMar 1, 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.
