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ASX falls 0.7pc; Appen plunges 12pc; Fortescue soars as iron ore hits $US150 Save Share Luke Housego The rally in the value of China’s currency played a supporting role in the Australian dollar hitting a fresh two-and-a-half-year high early on Thursday, thanks to thriving commodity prices that have restored iron ore to 2013 levels. The local currency climbed as high as US74.85¢ overnight as iron ore topped $US150 per tone for the first time since 2013 and reached a 12-year high in Australian dollar terms after passing $200 a tonne. The Chinese yuan and Australian dollar have rallied agains...

Asaleo Care (ASX:AHY) share price shoots 22% higher following takeover bid Sebastian Bowen | December 10, 2020 2:41pm | More on: The Asaleo Care Ltd(ASX: AHY) share price was on fire this morning, rising 21.78% to $1.23 before being placed in a trading halt. Asaleo shares opened at $1.01 this morning and stayed pretty much at that level until just past 11:00 am. Then, they shot the moon and rapidly climbed as high as $1.24. At 11:31 am, Asaleo released an announcement to the markets which informed investors that trading would be “temporarily paused pending a further announcement”. At 1...