Australian shares have advanced after Donald Trump called for cuts to interest rates and oil prices. -AAP Image
Australian shares have finished higher for the fourth time this week after Donald Trump demanded cuts in interest rates and the price of oil.
Hold tight - we’re checking permissions before loading more content
The benchmark S&P/ASX200 index on Friday finished up 30.2 points, or 0.36 per cent, to 8,408.9 while the broader All Ordinaries gained 31.3 points, or 0.36 per cent, to 8,660.4
The ASX rose 1.2 per cent for the week - its third straight week of gains and its best weekly performance of the new year.
It is up 3.1 per cent so far in 2025.
The Australian dollar meanwhile had moved back above 63 US cents for the first time since mid-December, when the US Federal Reserve indicated it would likely cut interest rates in 2025 more slowly than previously forecast.
This caused a sell-off in the share market and the greenback to strengthen against other currencies.
The Aussie was buying 63.16 US cents, from 62.72 US cents at Thursday's ASX close.
26°C