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DBS economist Gundy Cahyadi expects the rupiah to hold up despite expected US dollar strength this year, noting it has been more resilient than most Asian currencies. Spot traded around Rp13,337 per dollar on Tuesday, and the government's January budget data was seen as positive for the currency.
A firmer dollar tends to weigh on Indonesian import costs and feed-ingredient purchasing power, but a resilient rupiah eases the cost of dollar-priced feed imports such as soybean meal and corn.
investor.idGora KunjanaFeb 28, 2017Not enough comparable past events yet for a historical read.
After 73 past neutral macro events, SBM moved a median -0.3% over 5 sessions (44% higher; middle half -1.9% to +2.1%), and -1.6% over 20.
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.
