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A Reserve Bank of Australia internal report, prepared in March and released under a freedom of information request, estimated that a global trade war could push the Australian dollar up 6 per cent and shrink the economy by 2.5 per cent. The scenario assumed a 20 per cent US tariff on all imports and retaliation by every country except Australia.
The analysis flags downside risk to Australian demand and a stronger currency that would make Australian exports less competitive, which bears on grain and meat export pricing.
abc.net.auSep 20, 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.
