THE dollar has opened almost US1c higher today, following the release of a raft of US economic data and high commodity prices.
At 7am (AEDT), the local unit was trading at US101.25c, up from US100.30c yesterday.
Since 5pm yesterday, the dollar traded between US100.20c and US101.50c.
HiFX senior trader Stuart Ives said economic data from the US overnight weakened the greenback and attracted investment into the dollar.
"US jobs data came in weaker than expected and obviously signifies a slightly weaker dollar off the back of it," Mr Ives said.
"Also, a little bit of a surprise was US core CPI, which rose by 0.1 per cent."
Rising commodity prices also have helped keep the local unit up, Mr Ives said.
"We've seen gold get elevated overnight, silver hit a 31-year high and oil slightly higher.
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"All of those commodities are getting pushed higher due to the situation in the Middle East."
In the absence of any major local or regional economic data, Mr Ives expected the dollar to trade sidewaystoday, between US100.20c and US101.50c.
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