ASX hits another all-time high following US rate cut

The ASX board in Sydney
At noon, the ASX200 climbed to 8,152.5, up 10 points, or 0.13 per cent. -AAP Image

The Australian market has its eyes fixed on the RBA's rate decision next week after the ASX200 hit another all-time high following the US Federal Reserve's 50 point interest rate reduction.

The benchmark S&P/ASX200 on Thursday finished at 8,191.9, up 50 points, or 0.61 per cent on the day, while the All Ordinaries rose 52.5 points, or 0.63 per cent, to 8,417.0.

The Australian dollar rose to its highest level since the end of August, buying 67.99 US cents, from 67.66 at Wednesday's ASX close.