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The rupiah weakened to Rp 13,550 per US dollar in Jakarta interbank trading on December 11, 2017. The move followed strong US nonfarm payrolls data that raised expectations of a Federal Reserve rate hike at its December meeting.
Lower WTI and Brent crude prices also weighed on commodity-linked currencies.
A weaker rupiah raises the local-currency cost of imported feed ingredients such as soymeal and corn for Indonesian buyers. Rate-hike expectations keep pressure on emerging-market currencies.
ekonomi.republika.co.idNur AiniDec 11, 2017Not 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.
