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The Reserve Bank of Australia raised its cash rate by 25 basis points to an 11-year high of 4.1%, warning further tightening may be required. The Australian dollar jumped to its highest since mid-May, near $0.6671 after touching $0.6686.
Tighter Australian monetary policy strengthens the Aussie, which can affect the competitiveness of Australian grain and meat exports.
cnbc.comReutersJun 6, 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.
