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The Indonesian rupiah weakened slightly on April 20 to about 13,325 per US dollar after polls showed Jakarta's incumbent governor Basuki Tjahaja Purnama lost his re-election bid by a wide margin. Analysts expected a brief negative reaction before investors refocused on fundamentals.
The move was minor and political, so it has little direct effect on feed commodity prices or Indonesian import costs.
businesstimes.com.sgApr 19, 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.
