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The Reserve Bank of Australia left its cash rate unchanged at 1.50 per cent on 5 September 2017. The statement noted improving global growth, a Fed expected to keep raising rates, and commodity prices that had risen recently.
Holding rates steady keeps the Aussie supported against the US dollar, which can make Australian feed grain exports pricier and slightly lower global feed price pressure.
rba.gov.auscheme=AGLSTERMS.AglsAgent, corporateName=Reserve Bank of AustraliaSep 5, 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.
