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Posted: 2017-07-27 01:01:57

The Australian dollar has strongly rebounded against the greenback, hitting 80.06 US cents, on the back of a collapse in the US dollar, while the local share market has opened higher.

At 1015 AEST on Thursday, the benchmark S&P/ASX200 index was up 17 points, or 0.29 per cent, at 5,793.6, while the broader All Ordinaries index was up 17.2 points, or 0.3 per cent, at 5,840.5.

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