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Bank Indonesia Governor Agus Martowardojo said the rupiah was trading in a range of Rp13,350 to Rp13,400 per US dollar in early July 2017. He identified possible shocks from Federal Reserve rate increases, US fiscal policy, Greek debt and rising bad loans in Italy.
He said domestic economic conditions were stable.
External shocks that weaken the rupiah raise the local cost of imported feed ingredients, and Indonesian feed buyers face that exposure directly.
liputan6.comFiki AriyantiJul 10, 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.
