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The Reserve Bank of Australia kept its cash rate unchanged at 1.50 per cent on 2 April 2019. Governor Philip Lowe said global growth has slowed and downside risks have increased, while Australian unemployment is at 4.9 per cent.
A hold with a softer global outlook points to a weaker Aussie dollar, which tends to track China-linked commodity demand. For feed buyers, a softer AUD marginally reduces Australian export competitiveness for grains and meal.
rba.gov.auscheme=AGLSTERMS.AglsAgent, corporateName=Reserve Bank of AustraliaApr 2, 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.
