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Reserve Bank of Australia Assistant Governor Christopher Kent outlined how global financial conditions tightened from late 2018, with falling equities, wider credit spreads and a downward shift in yield curves. He discussed the implications of these developments for the Australian economy and the Australian dollar.
Tighter global financial conditions and softer rate expectations weaken the Australian dollar, which affects the cost of Australian feed grain exports and the outlook for Australian demand.
rba.gov.auscheme=AGLSTERMS.AglsAgent, authorName=Kent, ChristopherFeb 15, 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.
