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ASX hits skids as banks slam into reverse

Australia may find itself on the wrong side of Donald Trump's spending spree.

The ASX's strong two-day rally came to an abrupt end, as weak oil and the US rate hike proved reason enough for shares to retrace some of their recent gains.

Aussie on a high as rate cut talk fades

The Australian dollar hit a two-month high on Thursday morning.

The Australian dollar hit a two-month high on Thursday, boosted by positive local jobs data and a fall in the greenback after weak US inflation data.

'Huge inflow of cash' into equities: Coppo

Investors are pouring money into their superannuation accounts in a bid to beat changes introduced in the June 2016 budget.

Bell Potter veteran trader Richard Coppleson says by far the "biggest reason" markets are recovering was the positive boost from surging superannuation funds.

Man hit by bus in Perth CBD

The William Street bus lane.

The man, believed to be in his sixties, has been taken to Royal Perth Hospital under priority one conditions.