SYDNEY, AAP – Australia’s share market closed lower and was down for the week, while the Aussie dollar nudged closer to buying 80 US cents.

The S&P/ASX200 benchmark index closed lower by 61.4 points, or 0.9 per cent, to 6777.8 on Wednesday.

The All Ordinaries closed lower by 61.4 points, or 0.86 per cent, at 7049.4.

There were losses of more than two per cent for the materials, information technology and telecommunications sectors.

Meanwhile, the Aussie dollar rose to buy 79.45 US cents, its highest level in about three years.

The dollar was buying 79.11 US cents at 1619 AEDT, lower from 79.18 US cents at Tuesday’s close.