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Analysts expect the rupiah to keep depreciating against the US dollar, though at a slower pace because of Bank Indonesia intervention in the money market. Traders are focused on upcoming US economic data and the probability of a Federal Reserve rate increase.
The rupiah closed at 13,574 per dollar on December 11.
Continued rupiah weakness raises the cost of dollar-denominated feed imports for Indonesian buyers. Central bank intervention may limit how far the currency falls.
lensa.idJulliana EloraDec 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.
