Eight of the ASX's 11 sectors have lost ground but none more than 0.6 per cent. -AAP Image
The local share market has proven unable to build on its four-day winning streak, closing modestly lower after some hawkish "Fedspeak" overnight by United States Federal Reserve officials.
Hold tight - we’re checking permissions before loading more content
The benchmark S&P/ASX200 index on Tuesday closed down 20.3 points, or 0.28 per cent, to 7131 while the broader All Ordinaries finished 19.2 points, or 0.26 per cent, lower at 7336.6.
The Australian dollar had retreated a bit after hitting a six-month high against its weakening US counterpart on Monday.
It was buying 69.15 US cents, from 69.38 US cents at Monday's ASX close.Â
