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Rates traders are still pricing at least four Reserve Bank of Australia rate increases in 2022, with the first expected at July's meeting. The Australian dollar is weak as the Ukraine war intensifies.
National accounts are due Wednesday, with consensus expecting 3% growth in the December quarter.
Expected RBA tightening supports the AUD and raises financing costs for Australian livestock and feed operators, while the war-driven risk-off move adds volatility to currency-linked feed prices.
afr.comCecile LefortFeb 28, 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.
