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The Reserve Bank of Australia held its cash rate at 4.35% unanimously, in line with Reuters polling, while saying it was ready to raise rates to manage inflation that remains too high. The bank cited the Iran war and oil supply disruption as drivers.
The AUD weakened 0.3% to about 0.705 after the decision.
A hawkish hold signals further tightening risk, which supports the AUD, but the currency reaction was modest. The effect on feed commodity prices is indirect.
cnbc.comLim Hui JieJun 16, 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.
