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The rupiah held in a tight 13,200-13,450 range against the dollar ahead of Indonesia's Q4 GDP data, closing at 13,335 on Friday. Investors were also weighing possible changes in US policy toward Indonesia and the IMF's February report on the country.
Currency stability limits import cost volatility for Indonesian feed buyers, while US policy risks could shift trade and capital flows affecting dollar-priced ingredients.
ibtimes.sgBoby MichaelFeb 5, 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.
