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The Reserve Bank of Australia's November 5 board minutes described slowing growth among major trading partners, with forecasts revised down partly due to escalating US-China trade and technology disputes. Members judged that inflation remained below target and that policy settings would depend on the economic outlook.
Expectations of lower Australian rates weigh on the Aussie dollar, which affects Australian export competitiveness for grains and meat. The trade-dispute drag on global growth also dampens commodity demand.
rba.gov.auscheme=AGLSTERMS.AglsAgent, corporateName=Reserve Bank of AustraliaNov 5, 2019Not 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.
