Aussie shares resume winning ways as dollar surges

Jerome Powell (pictured with former NZ finance minister Grant Robertson) says the time has come for a reduction in US interest rates, presumably next month. (Image: Alex Tarrant)

AAP

Tue, 27 Aug 2024

By Derek RoseThe Australian share market has nearly climbed out of the steep hole it found itself in this month after a sharp two-day sell-off, finishing in the green for 11th time in the past 12 sessions.The benchmark S&P/ASX200 index on Monday gained 60.6 points, or 0.76%, to 8,084.5, leaving it just 0.4% under its all-time closing high set on Aug 1.The broader All Ordinaries gained 62.4 points, or 0.76%, to 8,311.5.The gains come after US Federal Reserve chairman Jerome Powell told a symposium of central bankers in Wyoming over the weeke...

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