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AUD tumbles, surging oil prices drive bond market sell-off | Finance Report | ABC NEWS
The ASX has ended its day lower after oil prices surged on reports Donald Trump may announce a diesel export ban in the United States.
The higher likelihood of a US rate hike in October led to a sharp fall for the Australian dollar.
A renewed bond sell-off has driven the borrowing costs of the US and Australian governments to their highest level in decades.
Presented by David Chau.
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Read more here: https://www.abc.net.au/news/2026-09-24/asx-markets-business-news-live-updates-thursday-24-september/107189136
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