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A worker passes an oil drilling rig in an oilfield in Russia. Photographer: Andrey Rudakov/Bloomberg
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Metals and oil boom drags ASX higher

Investors remain uncertain in the face of the Russia and Ukraine conflict but an associated spike in commodity prices helped Australia’s mining and energy sectors bounce on Wednesday.

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Australian dollar freefalling

THE Australian dollar has plummeted to fresh four-and-a-half-year lows after the head of the Reserve Bank said he wanted the currency to fall to 75 US cents.

Original URL: https://www.dailytelegraph.com.au/business/markets/australian-dollar/page/119