The Australian share market has finished lower, pulling back from record high levels after comments by Fed chairman Jerome Powell cast doubt on the chances of another double-sized US rate cut.
The benchmark S&P/ASX200 index on Tuesday finished down 60.2 points, or 0.74 per cent, to 8,208.9, while the broader All Ordinaries dropped 565 points, or 0.66 per cent, to 8,481.9.
The Australian dollar was buying 69.28 US cents, from 69.33 US cents at Monday's ASX close.