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DBS analysts say the AUD has largely priced in a 25 basis point hike to 4.85% at the November 3 RBA meeting. They warn the central bank could pause or signal that rates are nearing their peak, and expect lower growth and higher inflation forecasts.
If the RBA disappoints, the AUD could weaken, which would make Australian grain and meat exports more competitive. The outcome feeds into the USD cost of Australian feed-linked trade.
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.