The local share market has enjoyed its first day of gains in the new financial year, helped by dovish comments from US Federal Reserve chairman Jerome Powell and better-than-expected domestic retail sales data.
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The benchmark S&P/ASX200 index on Wednesday finished up 21.7 points, or 0.28 per cent, to 7,739.9, while the broader All Ordinaries gained 26.4 points, or 0.33 per cent, to 7,986.1.
One Australian dollar was buying 66.72 US cents, from 66.45 US cents on Tuesday.