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The Reserve Bank of Australia ended its brief easing cycle and flagged the risk of a rate hike. Governor Michele Bullock's hawkish comments lifted the Australian dollar 0.3% to $0.6645.
Three-year government bond yields rose 11 basis points to 4.152%, their highest since November 2024.
A hawkish RBA strengthens the Australian dollar and lifts Australian yields, which raises the cost of AUD-denominated export pricing for Australian grain, meat and sugar. For feed buyers the effect on grain prices is indirect and small.
reuters.comStella Qiu, Wayne ColeDec 9, 2025Not 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.
