Overnight, US markets bounced back from their recent sell-off as investors reacted positively to the latest Fed meeting minutes.
Markets suffered a rude shock last month when Fed boss, Janet Yellen, signalled the first US interest rate rise would occur in mid-2015.
However the minutes for March’s Fed meeting, indicated officials were in no rush to tighten monetary policy.
After being battered in recent sessions, the tech sector led the gains on Wall Street as money flowed back into cyclical plays.
There were further gains in the major commodities. Oil soared another percent amid ongoing unrest in Ukraine and speculation there might be a delay in the reopening of Libyan oil ports.
Gold rose slightly, with the rally in equity markets diminishing safe haven demand and limiting the yellow metal’s move higher.
The greenback was mixed against other currencies, as the Fed minutes led traders to reassess their views on when the US central bank will begin hiking interest rates.
Elsewhere, the Aussie closed in on the 94 US cent handle after yesterday’s data showing rebound in Australian consumer confidence boosted confidence in the domestic economy.