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Commerzbank expects the rupiah to stay between 13,200 and 13,400 per dollar as long as the Fed keeps normalizing rates gradually. Bank Indonesia recently cut its policy rate by 25 bps to 4.25 percent and remains dovish, with inflation within its 3-5 percent target.
A stable rupiah range keeps Indonesian feed import costs predictable, while a dovish central bank adds mild downward pressure on the currency.
econotimes.comFxWirePro TeamSep 25, 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.
