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A Gadjah Mada University economist suspects Bank Indonesia is deliberately holding the rupiah near Rp13,300 per dollar to support exports. Exports rose 15% year on year in January to June, and the trade surplus reached US$7.63 billion.
A managed, weaker rupiah supports Indonesian export competitiveness but keeps the cost of dollar-priced feed imports elevated. The view is an analyst opinion rather than a policy announcement.
katadata.co.idDesy SetyowatiAug 2, 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.
