Aussie dollar tumbles, ASX rebounds from worst sell-off since March | Finance Report | ABC NEWS
The Australian share market has recovered slightly from its biggest one-day loss since the early days of the Iran War. The Australian dollar has fallen below 69.5 US cents, partly because markets are now betting the Reserve Bank’s rate-hiking cycle is nearly over. AI data centre company Firmus is planning to list on the ASX later this month and is targeting a valuation of $43.7 billion. It comes as the RBA warns of financial stability risks posed by the AI investment boom. Presented by David Chau.
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