The local share market has climbed to a nine-day high with gains across the board despite a slightly higher-than-expected US inflation readout that diminished the chances of a supersized rate cut.
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The benchmark S&P/ASX200 index on Thursday rose 87.8 points, or 1.1 per cent, to 8,075.7 while the broader All Ordinaries advanced 98.9 points, or 1.19 per cent, to 8,293.1.
The Australian dollar was buying 66.91 US cents, from 66.64 US cents at Wednesday's ASX close.