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Money markets priced a pause in the RBA's rate-hiking cycle, while some major Australian banks expected a rise to a 12-year high. The ASX 200 finished marginally higher ahead of the central bank's decision.
Rate expectations shape the Australian dollar and domestic demand, but the link to feed ingredient prices is indirect.
abc.net.aubusiness reporter David ChauJul 30, 2023Not 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.
