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Bank Indonesia reported the rupiah appreciated 1.09% year to date in Q1 2017 to 13,326 per US dollar. The gain was attributed to stable macroeconomics, rising foreign capital inflows into stocks and government bonds, and reduced global risk.
A stronger rupiah lowers the local-currency cost of imported feed inputs for Indonesia, while BI's warning that Fed balance-sheet normalization could reverse inflows signals future currency volatility for importers.
antaranews.comCalvin BasukiApr 20, 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.
