Australian dollar up on US dollar amid commodity price lifts

THE Australian dollar has marched higher against the US dollar following a rise in commodity prices.

THE Australian dollar has marched higher against the US dollar following a rise in commodity prices. At 0635 AEDT on Friday, the Australian dollar was worth 78.60 US cents, up from 78.39 US cents on Thursday.

In a bit of a seesaw week, the local currency overnight has performed strongly amid rises in gold, iron ore, copper and oil prices, after Thursday finding itself exactly where it was a couple of days ago.

The key local event risks for the dollar on Friday are Australian Bureau of Statistics international trade in goods and services data for November. US non-farm jobs figures, also due out on Friday, could have implications for the US dollar.

The local currency has also marched ahead against the yen and the euro.

Originally published as Australian dollar up on US dollar amid commodity price lifts