Reserve Bank governor Michele Bullock says it's still premature to be thinking about interest rate cuts as she rams home the dangers of high inflation.
The embattled construction union's High Court challenge to its administration has received support from other groups wanting to defend workers' rights.
The ASX200 fell 1.9 per cent to an almost three-week low, with the largest drops being recorded by Western Australian companies including Fortescue and Deep Yellow.
The ASX200 has fallen 0.3 per cent, with sentiment dampened by an earnings letdown from AI chip maker Nvidia, the world's second-most valuable company.
The ASX200 finished 0.2 points higher after being down as many as 62 points in morning trading, while the Australian dollar briefly traded over 68 US cents.
The ASX200 has climbed 0.8 per cent as the local currency neared 68 US cents after Fed chairman Jerome Powell declared "the time had come" for US rate cuts.
