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The Economist reports that Indonesia, once one of the fragile five emerging markets, looks stronger now despite official nervousness about capital flight. The rupiah fell 3.7% against the dollar in November 2016 amid a wider emerging-market sell-off.
The Fed raised rates on December 14 and more hikes are expected this year.
Capital outflows from emerging markets pressure currencies and raise the cost of dollar-denominated feed imports. The assessment of improving fundamentals suggests less near-term pressure on Indonesian import costs.
economist.comJan 21, 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.
