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FED:Australian shares end volatile week on positive note

Australia's share market has ended the week higher, buoyed by optimism about a solution to the US-Iran conflict and a slightly less gloomy outlook for local interest rates.

The S&P/ASX200 rose 35.3 points on Friday, up 0.41 per cent to 8,657, as the broader All Ordinaries improved 36.4 points, or 0.41 per cent, to 8,877.2.

Miners and banks helped lift the bourse in the week's final session, with strong leads from Evolution Mining, South32 and PLS.

The Australian dollar is buying 71.39 US cents, up from 71.13 US cents on Thursday at 5pm.

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