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Australian unemployment rose to 4.5% in April while employment fell, prompting markets to price out a June RBA rate hike and pare August hike odds. Three-year bond futures rallied and the AUD came under pressure.
Reduced rate-hike bets weaken the AUD and can support Australian export competitiveness, with minimal direct impact on feed grain or meal prices.
au.investing.comMay 21, 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.
