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.

AAP

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