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The Reserve Bank of Australia's minutes from its 3 September 2019 board meeting describe a subdued global manufacturing outlook and an escalating US-China trade and technology dispute. Members noted that US inflation had increased in recent months and that downside risks to the global outlook had intensified.
The RBA's view of rising US-China trade risks points to weaker global demand for commodities and supports further easing, which tends to weaken the Aussie currency.
rba.gov.auscheme=AGLSTERMS.AglsAgent, corporateName=Reserve Bank of AustraliaSep 3, 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.
