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The RBA published minutes of its 4 December 2018 board meeting, covering global conditions where growth had slowed, partly due to trade tensions. Bilateral US-China trade had contracted after the tariff increases, and external demand had softened in the euro area, Japan and Asia.
The minutes confirm weaker external demand from trade tensions, a modest bearish signal for commodity demand, though they carry no new policy action.
rba.gov.auscheme=AGLSTERMS.AglsAgent, corporateName=Reserve Bank of AustraliaDec 4, 2018Not 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.
