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The Reserve Bank of Australia's board met in a special session on 18 March 2020 to consider monetary policy responses to COVID-19. Members noted very sharp falls in risky assets, with advanced-economy equity prices down about 30 per cent, and heavy disruption from border closures.
Sharp equity and currency stress in Australia signals weaker domestic demand and a softer Aussie dollar, which can shift export pricing for Australian feed-linked commodities. The effect is mainly macro and indirect for feed buyers.
rba.gov.auscheme=AGLSTERMS.AglsAgent, corporateName=Reserve Bank of AustraliaMar 18, 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.
