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The Reserve Bank of Australia published the minutes of its 6 August 2019 policy meeting, noting that global growth had eased and that trade and technology disputes between the US and China had prompted downward revisions to trading partner growth forecasts. Members also noted the US plan for a 10 per cent tariff on a further US$300 billion of Chinese exports.
Weaker global growth and trade escalation reduce expected demand for commodities and feed, and the policy outlook shapes currency moves that affect Australian export prices.
rba.gov.auscheme=AGLSTERMS.AglsAgent, corporateName=Reserve Bank of AustraliaAug 6, 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.
