Chart: RBA Index of Commodity Prices
Chart: RBA Index of Commodity Prices. Yesterday preliminary estimates from the RBA showed the commodity price index declined by a further 2.7% in February. The index has now fallen by 16.2 per cent in Australian dollar terms over the past year - largely driven by falls in bulk commodity prices. Ironically, shares in RIO and BHP both rallied strongly on the prospect that further rate cuts in China would stimulate manufacturing activity and thus demand...
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Livewire is Australia’s #1 website for expert investment analysis. We work with leading investment professionals to deliver curated content that helps investors make confident and informed decisions. Safe investing and thanks for reading Livewire.
Expertise
Livewire is Australia’s #1 website for expert investment analysis. We work with leading investment professionals to deliver curated content that helps investors make confident and informed decisions. Safe investing and thanks for reading Livewire.
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