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The RBA raised its cash rate by 0.25 percentage points to 2.85 per cent, its seventh consecutive hike, as most economists expected. The ASX 200 closed up 1.7 per cent and the Australian dollar gained to about 64.25 US cents after Wall Street closed lower overnight.
Macro rate moves and a firmer Aussie dollar shift the cost of imported inputs and the export value of Australian feed-grain and meal trade, with limited direct effect on grain prices.
abc.net.auDavid ChauOct 31, 2022Not 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.
