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Bank Indonesia Deputy Governor Sugeng confirmed the central bank has been intervening in the foreign exchange market to limit sharp rupiah appreciation. The rupiah has gained about 1.11 percent against the dollar so far in 2017, trading near IDR 13,319 per dollar.
A strong rupiah would weigh on Indonesian export competitiveness, and intervention signals policy makers want to cap currency gains; this has little direct effect on feed commodity prices.
indonesia-investments.comIndonesia InvestmentsMay 8, 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.
