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AAP
AAP
Business
Derek Rose

'Full steam ahead': Aussie shares close at record high

United States Jessica Amir US Federal Reserve
The ASX has closed at an all-time high, eclipsing a level set on August 1. (Dan Himbrechts/AAP PHOTOS)

The Australian Securities Exchange's main benchmark has closed at its highest level amid hopes the Federal Reserve might opt for a double-sized interest rate cut in the US.

The benchmark S&P/ASX200 index finished Monday up 21.7 points, or 0.27 per cent, to 8,121.6, nearly seven points better than the previous all-time high on August 1.

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