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The rupiah hit its weakest level since December 2016 on September 28, reaching about IDR 13,584 per dollar before a partial rebound. The move followed Trump's tax reform announcement and expectations of further Federal Reserve tightening before year-end.
Currency pressure makes dollar-priced feed ingredients more expensive for Indonesian feed mills, which can pressure their margins and purchasing.
indonesia-investments.comIndonesia InvestmentsSep 28, 2017indonesia-investments.comIndonesia InvestmentsSep 27, 2017After 44 past bullish macro events, Soybean Meal moved a median -0.6% over 5 sessions (34% higher; middle half -1.9% to +0.9%), and -2.9% over 20.
Not 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.
