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RBA Governor Philip Lowe attributed slowing global growth to China's financial deleveraging and a marked slowdown in world trade, which has stalled over the past year. He linked the trade weakness to rising U.S. and Chinese tariffs and to a disruption in manufacturing.
The RBA's signal of a weaker outlook and possible easing supports a softer AUD, and the tariff-driven trade slowdown reduces demand for Australian commodity exports.
rba.gov.auPhilip Lowe [ * ] GovernorMay 21, 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.
