THE dollar hit a fresh 10-week high following gains on US sharemarkets, but lost some ground due to disappointing jobs figures.
At 5pm AEST today, the currency was trading at $US1.0521, up from $US1.0509 yesterday afternoon.
It earlier rose to $US1.0551, its highest level since late January, after New York stock markets rallied to record highs.
But Commonwealth Bank currency strategist Peter Dragicevich said the Aussie lost ground following disappointing employment figures.
Australia's jobless rate rose 0.2 percentage point to 5.6 per cent in March, its highest level since September 2009, figures released by the Australian Bureau of Statistics showed.
But Mr Dragicevich said the currency had held up relatively well under the circumstances.
"While it was a weaker number I don't think it was a huge surprise to most traders," he said.
