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The RBA Board's minutes from its 7 December 2021 meeting describe a global economy continuing to recover, supported by expansionary policy and rising vaccination, with Omicron adding near-term uncertainty. Domestic demand in Asia was rebounding and China's activity stabilised early in the December quarter.
A dovish RBA keeps Australian rates low relative to the US, which weighs on the Aussie dollar; a weaker AUD makes Australian exports such as barley and wheat cheaper for buyers.
rba.gov.auscheme=AGLSTERMS.AglsAgent, corporateName=Reserve Bank of AustraliaDec 7, 2021Not 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.
