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The Reserve Bank of Australia's February 5 board minutes show members judged downside risks to the global outlook had increased, with trade tensions and slowing Chinese demand as key concerns. Members also noted US tariff exports to China had fallen sharply in late 2018.
Weaker Chinese demand and trade tension risk reduce Australian export volumes and prospects for grain and meal demand, while supporting a dovish RBA stance that weighs on the Aussie.
rba.gov.auscheme=AGLSTERMS.AglsAgent, corporateName=Reserve Bank of AustraliaFeb 5, 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.
