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The RBA left its cash rate unchanged at 1.50% on 3 July 2018. The statement said global expansion continues, the US trade policy direction is an uncertainty, and short-term Australian wholesale rates have risen.
A steady policy rate with rising wholesale rates keeps the Australian dollar supported relative to low-yielding currencies, with limited direct effect on feed commodity prices.
rba.gov.auscheme=AGLSTERMS.AglsAgent, corporateName=Reserve Bank of AustraliaJul 3, 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.
