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The Reserve Bank of Australia signalled further rate hikes may be needed even as economic growth slowed. The Australian dollar rose to a three-month high of $0.6690 and three-year bond yields climbed to a five-month high.
Higher Australian rates support the Aussie dollar, which can influence Australian export pricing and competitiveness for commodities like grains and meat.
reuters.comStella QiuJun 7, 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.
