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The rupiah strengthened 0.21% to Rp17,642 per US dollar as expectations grew for further dollar weakness. Investors were shifting funds toward Asian currencies and emerging markets as yen appreciation and possible coordinated yen intervention weighed on the dollar.
Dovish comments from Fed governor Waller also supported the move.
A weaker dollar and firmer rupiah lower the local-currency cost of imported dollar-priced feed ingredients for Indonesian buyers, which eases some cost pressure.
Not 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.