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The Australian dollar was near US67.51 cents on Monday as the foreign exchange market positioned short ahead of the Reserve Bank's October meeting. Futures priced a 74% chance the RBA cuts its cash rate to a record low 0.75% on Tuesday.
Expected RBA easing and a weaker Aussie reduce the cost of Australian exports and shift currency-driven demand for Australian commodities, with limited direct effect on feed grain prices.
afr.comVesna PoljakSep 30, 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.
