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The RBA published minutes of its June meeting, showing the board sees the economy running with excess demand and is prepared to take steps including potential rate hikes. Members flagged a softer housing market and that sustained high oil prices could feed into wages and prices.
The AUD/USD fell 0.23% to 0.6871 after the hawkish minutes.
A hawkish RBA lifts Australian rate expectations and can strengthen the AUD, but the currency is weakening here because of the US dollar. For feed buyers, a weaker AUD makes Australian grain and feed exports more competitive, which can add modest pressure on global feed prices.
fxstreet.comLallalit SrijandornJun 30, 2026Not 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.
