The local share market has enjoyed its best day in seven months after the US Federal Reserve left intact its predictions for rate cuts this year - even as a hot domestic jobs report suggested Australia won't cut rates anytime soon.Â
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The benchmark S&P/ASX200 index on Thursday finished up 86.2 points or 1.12 per cent, to a 13-day high of 7,782.0, while the broader All Ordinaries rose 90.1 points, or 1.13 per cent, to 8,044.6.
The gains were the ASX200's best since a 1.47 per cent rise on February 2.
The Australian dollar was buying 66.25 US cents, from 65.30 US cents at Wednesday's ASX close.