Optimism about the global security, manufacturing and the banking sector have helped push Australian shares to their highest level since April 2015.

The Australian share market and the dollar has recovered from intra days lows following the surprise US missile strike on Syria, but boosted commodity prices.

The share market has fallen due to a sell-off of big miners, banks and energy producers.

Strong investor demand for Rio Tinto, BHP Billiton and Wooside Petroleum pushed the Australian share market higher.

The Australian dollar has fallen after the RBA raised concerns about debt in the house market, while the share market lost ground in muted trade.

The Australian share market has closed lower on the back of profit taking following strong gains from Tuesday to Thursday.