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The Reserve Bank of Australia's May 2017 Statement on Monetary Policy explains how the mining boom drove large swings in Australia's real exchange rate. It notes that competitiveness has improved since commodity prices peaked in 2011 and the nominal exchange rate began depreciating in 2013.
This is background on currency competitiveness rather than a new shock, so it has little direct effect on feed commodity prices.
rba.gov.auscheme=AGLSTERMS.AglsAgent, corporateName=Reserve Bank of AustraliaMay 15, 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.
