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The rupiah fell against the US dollar on February 28 as investors reacted to US sentiment. Analysts expected the Federal Reserve to raise its benchmark rate by 75 to 100 basis points.
The piece attributes the currency's weakness to US monetary policy expectations.
Expected Fed tightening strengthens the dollar against emerging-market currencies, which raises the rupiah cost of imported feed. The effect is likely to persist until US rate decisions are clearer.
money.kompas.comSakina Rakhma Diah SetiawanFeb 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.
