The local share market has finished basically unchanged after the Reserve Bank kept rates on hold for a third month, while the local currency plummeted.
The local share market has finished 0.1 per cent higher, closing out August 1.4 per cent lower after being down as much as 4.3 per cent a week and a half ago.
The local share market has posted its best performance in since July 13, rising 1.2 per cent as cooling inflation reduced the odds of another rate hike.
Concern about what Fed chairman Jerome Powell will say at a forthcoming meeting had the ASX closing down 0.9 per cent for the day and 0.5 per cent for the week.