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The RBA left its cash rate unchanged at 1.50 percent on 7 November 2017. The statement described improving global growth, steady Chinese expansion with debt risks, and expected declines in Australia's terms of trade.
A steady RBA rate keeps the AUD supported by yield differentials, which affects Australian export competitiveness for grains and meal. The impact on feed prices is limited.
rba.gov.auscheme=AGLSTERMS.AglsAgent, corporateName=Reserve Bank of AustraliaNov 7, 2017Not 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.
