The local bourse has gained ground after a US-Japan trade deal announced by President Donald Trump eased fears of a global trade war.
The benchmark S&P/ASX200 index on Wednesday gained 60 points, or 0.69 per cent, to 8,737.2, while the broader All Ordinaries rose 59.9 points, or 0.67 per cent, to 9,001.4.
The Australian dollar was buying 65.65 US cents, from 65.14 US cents about 5pm on Tuesday.