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Westpac economist Bill Evans says markets have pushed expected Reserve Bank of Australia rate hikes out to 2019, with only about a 40% chance of a move by end-2018. Most economists in the Bloomberg survey now expect no hike before 2019.
Fewer expected RBA hikes reduce the yield support for the AUD and weigh on the currency. The impact on feed commodities is indirect.
macrobusiness.com.auHouses, HolesMar 29, 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.
