Aussie dollar tumbles, ASX rebounds from worst sell-off since March | Finance Report | ABC NEWS
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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. #ABCBusiness Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2026-10-02/asx-markets-business-news-live-updates/107136842 Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia
Tags: Australia, abc, abc news, news, Australian dollar, AUD USD, Aussie dollar, ASX, ASX 200, Australian share market, stocks, markets, RBA, interest rates, Finance Report, David Chau, AI, market sell-off, financial markets
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