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The RBA cut its inflation forecasts in its November Statement on Monetary Policy, with headline inflation seen at 1.75 percent for 2017 and 2018. Analysts said the outlook pushes out any rate rise, weighing on the Australian dollar as other central banks tighten.
A dovish RBA keeps the AUD weak, which tends to make Australian grain and barley exports more price-competitive in world markets. The effect on feed prices is modest.
poundsterlinglive.comNews, Data, ForecastsNov 10, 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.
