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.
Subscribe: http://ab.co/1svxLVE
Read more here: https://www.abc.net.au/news/2026-09-24/asx-markets-business-news-live-updates-thursday-24-september/107189136

Note: In most cases, our captions are auto-generated.

#ABCNEWS #ABCNEWSAustralia #ABCBusiness