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The Reserve Bank of Australia left its cash rate unchanged at 1.50 per cent. The statement noted slowing global trade partly from trade tensions, slower Chinese growth, and a broad appreciation of the US dollar this year.
A steady policy rate has little direct effect on feed prices, but the cited slowdown in trade and a stronger dollar are mild negatives for commodity demand.
rba.gov.auscheme=AGLSTERMS.AglsAgent, corporateName=Reserve Bank of AustraliaDec 4, 2018After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
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.
