# Box B: Recent Developments in Foreign Exchange Markets | Statement on Monetary Policy – May 2020 | RBA

> The RBA's May 2020 Statement on Monetary Policy reviews foreign exchange market dysfunction in March, when bid-ask spreads widened sharply and market depth declined. The Australian dollar fell to its lowest level since the early 2000s before central banks intervened. The box examines spot and swap market conditions with a focus on Australia.

- Date: 2020-05-08 · published 2020-05-08T12:00:00.000Z
- Category: report · region Australia · magnitude low
- Page: https://feedsoft.ai/events/53413-box-b-recent-developments-in-foreign-exchange-markets-statement-on-monetary
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

The review is a background assessment of past market stress and does not signal a new price driver. Its relevance to feed pricing is limited to the currency channel that affects Australian export values.

## Sources

- rba.gov.au: https://www.rba.gov.au/publications/smp/2020/may/box-b-recent-developments-in-foreign-exchange-markets.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.