The Australian dollar has held onto its gains after the Reserve Bank of Australia gave no indication there would be a third interest rate cut this year.
US stocks ended lower on Tuesday as more data and comments from Federal Reserve officials pointed to the likely pullback in Fed stimulus in the coming months.
US stocks have ended mostly lower on fairly quiet trading during which some investors fretted about the possible pullback of the Federal Reserve's aggressive bond-buying program.
A jam-packed week of economic data and corporate earnings amounted to only modest movement in US equities, as stocks closed out a hectic week of news only somewhat higher.
The Australian share market has hit its highest point in more than two months as good signs from the United States overshadowed weaker local economic forecasts from the federal government.
The Australian dollar has fallen to a fresh three-year low as strong US economic data raised the possibility the Federal Reserve will start winding down its economic stimulus program soon.
Oil and gas producer Strike Energy has raised $9.2 million through the sale of new shares to fund the next phase of drilling at its gas project in the Cooper Basin and received its first pre-paymen
US stocks have ended mixed after a busy day of news that included a policy statement from the Federal Reserve and a mixed report on US economic growth.
The Australian share market has closed flat after light and lacklustre trading as hints of a cash rate cut next week by the Reserve Bank failed to spark major moves.