AU$1 = US$0.727

AMERICAN shares have been hit again, but the Australian dollar was well supported overnight by a big rise in commodity prices.

Technology stocks were the hardest hit, with the Nasdaq down 2.1% overnight, and Facebook suffering its worst sell-off of the year.

The AUDUSD gained 0.3%, partly in thanks to oil prices up 2.3%.

Wholesale rates this morning.