Live: AI worries drive Wall Street tech lower, ASX opens flat

Live: AI worries drive Wall Street tech lower, ASX opens flat

By Emilia Terzon
Publication Date: 2025-12-17 20:48:00

Market snapshot

  • ASX 200 futures: unchanged
  • Australian dollar: -0.4% to 66.04 US cents
  • Wall Street (Thursday): p&P500 -1%, Dow -0.4%, Nasdaq -1.4%
  • Europe (Thursday): Dax -0.5%, FTSE +0.9%, Eurostoxx unchanged
  • Spot gold: +1% to 4,374 US dollars/ounce
  • Brent crude oil: +2.5% to 60.39 US dollars/barrel
  • Iron ore (Friday): +1% to $103.60/ton
  • Bitcoin: -1.9% at $85,981

Prices are current at around 8:00am AEDT

Live updates on major ASX indices:

The Australian dollar fell 0.4% to just over 66 US cents

I imagine it was 67 US cents this month alone! The local currency came under some pressure overnight, and is currently trading at just over 66 US cents.

Here is a commentary from CBA’s currency analysts.

AUD/USD fell towards 0.6600 along with lower US stocks. Concerns about high AI valuations weighed on US stocks.

We expect the AUD to appreciate against most major currencies in the coming months and relaxation over the course of 2026. The exception is AUD/NZD, where we…