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The Australian dollar whipsawed after the RBA's dovish statement, becoming the weakest major currency on 2 April. Australia's GDP per capita has contracted for two quarters, and markets price up to 80% odds of a rate cut before year-end.
Expected RBA easing and Australia's per-capita recession weaken the AUD, which is a China-linked proxy. Feed buyers should watch this for signals on Australian export pricing and Asian demand.
axios.comDion RabouinApr 3, 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.
