The Australian share market has closed higher as positive sentiment over US tax reforms and several strong company performances flowed onto the local bourse.
The Australian share market looks set to open more than 0.7 per cent higher after strong gains on Wall Street amid optimism for tax cuts and solid earnings.
The Australian dollar has slipped against a slightly weakened greenback amid concern over the US tax reform, and is unlikely to break out its two-week range.
The Australian share market has ended the final session of the week lower, with the energy, mining and healthcare companies driving broad-based losses.
Concern President Donald Trump's planned corporate tax cuts will be significantly delayed has hurt the US dollar and, to a lesser extent, the Aussie dollar.
The Australian dollar has lifted against the greenback with nothing on the horizon to dent the elevated risk sentiment that has also driven equities higher.