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OCBC analyst Christopher Wong says recent surprise rate hikes and FX measures by Bank Indonesia have restored some confidence in the rupiah. He sees USD/IDR extending lower if the central bank keeps a firm tone and external pressures ease.
Spot was last quoted near 17,703 per dollar.
Rupiah direction depends on Bank Indonesia policy and the Fed, which affects the cost of dollar-priced feed imports for Indonesia. The outlook is a currency view rather than a direct supply or demand change for feed ingredients.
octaafrica.netJan 1, 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.
