Australian dollar sinks to 10-month low, ASX set to recover from four-day losing streak

Australian shares are likely to recover in early trade, after dropping for four straight days, despite collapsing commodity prices. 

ASX futures were up 0.5 per cent to 7,411 points (by 8:10am AEST).

The Australian dollar sank to 71.46 US cents, its lowest value since early November.

Its 1.2 per…