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Bank Indonesia Governor Agus Martowardojo said rupiah volatility would persist until the Fed's rate decision on March 20-21, 2018, after which conditions should stabilize. Rupiah volatility reached 7-8% through late February, driven by stronger US economic data and planned US tax cuts that would increase government borrowing.
Rising US bond yields in recent days added to the pressure.
Currency swings of this size raise the cost and risk of importing feed ingredients priced in dollars. Buyers in Indonesia may need to hedge through the March Fed meeting.
economy.okezone.comAntaraFeb 27, 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.
