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The RBA Board's October 6, 2020 minutes show members saw a gradual global recovery and a second COVID-19 wave in Western Europe. Most countries used targeted restrictions rather than nationwide lockdowns.
Australia's outcomes had compared favourably internationally.
A steady global recovery supports commodity demand, while the RBA's easy-policy stance keeps the Aussie under pressure. The minutes add little direct price signal for feed markets.
rba.gov.auscheme=AGLSTERMS.AglsAgent, corporateName=Reserve Bank of AustraliaOct 6, 2020Not 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.
