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The Australian dollar was supported after the Reserve Bank of New Zealand unexpectedly held its cash rate at 1%. Traders were waiting on Australian jobs data and US-China trade talks, with the RBA expected to hold rates for an extended period.
Expectations of extended low Australian rates limit Aussie dollar gains, which affects Australian export pricing for grains and meat. Trade-talk headlines add risk to dollar-linked commodity prices.
poundsterlinglive.comJames SkinnerNov 13, 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.
