The Australian dollar fell to 71.3 US cents, its weakest level since mid-February.
It comes a day after Twitter’s board approved billionaire Elon Musks's $61.4 billion takeover of the social media company, which suggests it may partially reflect investors' worries about the deal. Previously -prized growth stocks like Tesla have been hammered in recent weeks as investors fret about the impact of higher interest rates on their future earnings.China's COVID-19-led lockdown and an aggressive pivot by major central banks to fight inflation have overshadowed what has been a better-than-expected quarterly earnings season so far.
The S&P 500 lost 2.8 per cent, to finish at 4,176, while the Dow Jones index fell 2.4 per cent to 33,241.
This is going to unravel the climate change hoax.