Investors have had their best week on the ASX in the past seven, while the surging buy now, pay later sector may be the best indicator of any effect on shares from the end of the JobKeeper wage subsidy.
Shares closed at their highest level on the Australian market in more than a week, as a weaker Aussie dollar helped the indices buck downcast sentiment overseas.
Treasury chief Steven Kennedy believes few countries have achieved what Australia has in responding to last year's recession – relatively good health outcomes, smaller economic impacts and now, rapid recovery.
Australia's share market has closed lower for the fourth time in the past five sessions, while the Aussie dollar fell to US76 cents as demand for commodities dropped.
Investors in Australia's share market have made gains early in a week in which most of the focus will likely be on US financial leaders appearing before the Senate.
Australia's share market closed lower for a third consecutive day and the week, while US financial leaders will next week have another chance to persuade investors jittery about the prospect of inflation.
Shares on the ASX have closed lower, but the Aussie dollar rose as investors tipped it to benefit following forecasts of strong economic growth in the US.
Investors on the ASX removed some risk from their portfolios as the outcomes of the US Federal Reserve's policy meeting on Thursday loomed large over financial markets.
Australia's share market posted its strongest performance in more than a week, as the heavyweight financial sector was helped by easing bond yields and a reinforced message on low rates.
A broad-based rally has helped the Australian share market post its best week in five, while central banks will have more opportunity to steer economic recovery in their favour next week.
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Investors on the ASX have resisted a mostly upbeat mood on Wall Street after bond yields eased, and may be waiting for signals from the US Federal Reserve's meeting next week.