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The Australian dollar held in a tight range near 69.2 US cents while government bonds rallied to record lows on weak global data and trade-dispute worries. A new 2031 government bond sold at a record-low coupon of 1.5%, and markets fully priced further rate cuts.
Expectations of more RBA easing and a stalled AUD keep the currency under pressure, while falling yields signal weaker growth expectations for Australia's commodity-linked economy.
sbs.com.auMay 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.
