THE dollar has opened at a four-month high, after strong domestic jobs data was well received by markets.
At7am AEST today, the local unit was trading at $US0.9230/32, up from yesterday's close of $US0.9215/17.
It was the highest open to the domestic session since April 26, when the local dollar started the trading day at $US0.9261.
Since5pm AEST yesterday, the local currency has traded between $US0.9172 and $US0.9276.
Bank of New Zealand currency strategist Mike Jones said the unit had been lifted on the back of strong employment figures released yesterday (AEST).
"The Aussie blazed a path higher overnight," he said.
"It broke through that psychological high of $US0.9250.
"It was kicked off by yesterday's very solid job numbers. The market is now pricing in a one in four chance of a Reserve Bank of Australia (RBA) rate hike by the end of the year."
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The Australian Bureau of Statistics (ABS) employment data showed the jobless rate was a seasonally adjusted 5.1 per cent in August, down from 5.3 per cent in July.
Full-time employment rose by 53,100 in the month, while part-time employment fell 22,100.
Mr Jones said investors would keep an eye on Chinese trade data for August due during the domestic session for their lead.
The median market forecast was for China's trade balance to be $US26.9 billion ($29.34 billion), down from $US28.7 billion ($31.3 billion) in July.
Dollar lower on US, Italian dataManufacturing jobs make comeback in TN
