The local share market has given up its morning gains to finish little changed as traders braced for the possibility that the US Federal Reserve would forecast fewer interest rate cuts this year.
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The benchmark S&P/ASX200 index finished down 7.4 points, or 0.1 per cent, to 7,695.8, while the broader All Ordinaries closed down 3.3 points, or 0.04 per cent, to 7,954.5.
The Australian dollar was buying 65.28 US cents, up from 65.17 US cents at Tuesday's ASX close.