# Australian dollar climbs to three-year high, with ASX rising as Nasdaq sinks on tech sell-off - ABC News

> The Australian dollar rose to 79.29 US cents, its strongest level since February 2018, as commodity prices continued to surge. The ASX 200 closed higher despite a Nasdaq sell-off led by Tesla and Apple, and Australia's 10-year yield rose to 1.65 percent.

- Date: 2021-02-22 · published 2021-02-22T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/48894-australian-dollar-climbs-to-three-year-high-with-asx-rising-as-nasdaq-sinks-on
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Broad commodity price gains lift the Aussie, which raises the USD cost of Australian exports and can soften offer prices for Australian grain and barley. The story mainly reports currency and equity market moves.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- abc.net.au: https://www.abc.net.au/news/2021-02-23/australian-dollar-aud-3-year-high-asx-wall-street-stocks/13181996

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.