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The Reserve Bank of Australia left its cash rate unchanged at 0.75 per cent. Governor Philip Lowe said the coronavirus and bushfires would weigh on growth in the short term, and that the Australian dollar was near its lowest level in recent times.
Holding rates steady at a record low keeps the Aussie under pressure, which can make Australian grain and meal cheaper for overseas buyers.
rba.gov.auscheme=AGLSTERMS.AglsAgent, corporateName=Reserve Bank of AustraliaFeb 4, 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.
