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Australian dollar climbs to three-year high, with ASX to open flat as Nasdaq sinks on tech sell-off – ABC News

Surging oil, gold and iron ore prices boost the Australian dollar above 79.2 US cents, its highest value since February 2018. Wall Street tech stocks get sold off,…

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Australian shares are expected to open slightly lower after Wall Street’s major technology stocks were heavily sold off, while commodity prices have continued to surge.
Key points:

  • The ASX 200 has risen 2.9pc since the year began
  • Australia’s 10-year bond yield has jumped to 1.65pc (back to pre-COVID levels)
  • The Nasdaq was dragged down by Tesla (-8.6pc), Apple (-3pc) and tech-related stocks overnight

ASX futures were down 13 points (-0.2pc) at 6,700, by 9:30am AEDT.
The Australian dollar went up (+0.6pc)…

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