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The Reserve Bank of Australia's monetary policy board meets 2-3 November, and most major banks and markets expect a 25bp increase to the cash rate from 4.60% to 4.85%. A hike would be the fifth this year and lift borrowing costs to an 18-year high.
Tighter Australian monetary policy typically strengthens the Australian dollar and raises financing costs for feed-sector and livestock producers, while fuel-driven inflation adds to input costs.
Not 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.