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The Reserve Bank of Australia kept its cash rate at 1.50 percent on December 6, 2016. The statement noted that commodity prices had risen during 2016 on stronger demand and supply cuts, lifting Australia's terms of trade.
Higher commodity prices support Australian export income, but a steady rate keeps the Australian dollar firm, which can slightly raise the cost of Australian feed exports. The effect on feed prices is limited.
rba.gov.auscheme=AGLSTERMS.AglsAgent, corporateName=Reserve Bank of AustraliaDec 6, 2016Not 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.
