Loading…
The rupiah strengthened 12 points to Rp13,311 per US dollar in interbank trading in Jakarta on July 31, 2017. Analysts linked the move to a softer US dollar in Asia after weaker-than-expected US economic data.
Rising crude oil prices also supported commodity-linked currencies.
A firmer rupiah lowers the local-currency cost of imported feed ingredients for Indonesian buyers, though the effect on global feed prices is small.
antaranews.comZubi MahrofiJul 31, 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.
