Loading…
The Reserve Bank of Australia said it would offer US$10 billion in a US dollar repo operation as part of a coordinated global effort to ease a US dollar funding squeeze. The Aussie was expected to stay below 0.6000.
Easing dollar funding stress tends to stabilise emerging and commodity-linked currencies, which supports Australian export competitiveness. The move is a liquidity measure rather than a direct supply or demand shock for feed commodities.
octaafrica.netMar 25, 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.
