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The Australian dollar fell after RBA Governor Philip Lowe signalled rates would stay low for an extended period, and markets priced in further cuts from the record-low 1% cash rate. Analysts expected the Fed's first cut in over a decade to force the RBA's hand.
The currency traded near US69 cents.
Expected RBA and Fed easing weakens the Aussie and tends to support Australian export competitiveness, which can add modest pressure on global grain and oilseed prices.
smh.com.auStephen BartholomeuszJul 29, 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.
