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$A up on $US amid commodity price lifts

Chris Hutchings

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 see-saw 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.


One Australian dollar buys:

* 78.60 US cents, from 78.39 on Thursday

* 88.64 Japanese yen, from 88.31 yen

* 65.12 euro cents, from 65.22 euro cents

(*Currency closes taken at 1700 AEDT previous local session)