# International and Foreign Exchange Markets | Statement on Monetary Policy – November 2017 | RBA

> The Reserve Bank of Australia's November 2017 review says advanced-economy central banks are moving to less accommodative policy and markets expect rate increases sooner. Sovereign bond yields have risen from recent lows, and equity indices have reached record highs with credit spreads tight. The US dollar has risen slightly but remains below its end-2016 level, and the Australian dollar has eased a little.

- Date: 2017-11-27 · published 2017-11-27T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/11659-international-and-foreign-exchange-markets-statement-on-monetary-policy
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Expectations of tighter global monetary policy and a firmer dollar tend to weigh on commodity prices and emerging-market currencies, which affects the cost of imported feed inputs. Financial conditions remain loose, which limits the near-term price effect.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2025-11-19 | [Dollar rises in the Brazilian market following international movement \| Brasil 247](https://feedsoft.ai/events/22163-dollar-rises-in-the-brazilian-market-following-international-movement-brasil-247.md) | +1.3% | +3.8% |
| USDBRL | 2019-12-02 | [Brazil Exchange Rate November 2019 - FocusEconomics](https://feedsoft.ai/events/55777-brazil-exchange-rate-november-2019-focuseconomics.md) | -1.2% | -5.0% |
| USDBRL | 2024-05-31 | [Dollar surpasses R$ 5,25 as battle over Ptax rate overshadows international markets \| Brasil 247](https://feedsoft.ai/events/30474-dollar-surpasses-r-5-25-as-battle-over-ptax-rate-overshadows-international.md) | +1.0% | +6.8% |
| USDBRL | 2019-06-27 | [Brazilian real falls on economy worries, dollar lifts other Latam forex - Pension Policy International](https://feedsoft.ai/events/58796-brazilian-real-falls-on-economy-worries-dollar-lifts-other-latam-forex-pension.md) | +0.2% | -1.2% |
| USDBRL | 2023-05-31 | [USD/BRL: Real weakness could hasten if government tries to influence monetary policy – Commerzbank: Analytics and Market news from 31 May 2023 14:41](https://feedsoft.ai/events/36148-usd-brl-real-weakness-could-hasten-if-government-tries-to-influence-monetary.md) | -3.0% | -4.3% |

## Sources

- rba.gov.au: https://www.rba.gov.au/publications/smp/2017/nov/international-and-foreign-exchange-markets.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.