Investors have enjoyed their biggest gains on the ASX since early August despite signs unemployed Australians are giving up looking for work due to lockdowns.
Shares had a third consecutive day of gains after investors lapped up Reserve Bank governor Philip Lowe's renewed pledge that rates won't rise until 2024.
Heavyweight miner Fortescue Metals crashed as shares traded ex-dividend but did not stop a recovery in a market that may soon regain more support from central banks.
Australian shares had their best day in three weeks while US jobs figures and a Reserve Bank decision may influence whether the ASX stays near historic highs.
Investors have recovered most of their early losses after Australia's economy staved off another coronavirus recession, but some wondered for how long.