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ISCOVER
Staff Reporter
The Australian dollar has gone from strength to strength over the Christmas period, maintaining parity-plus levels with its US counterpart.
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In addition, the Aussie dollar is also trading at a record against the European common currency.
As of close of business yesterday, the dollar was trading at more than 101 US cents after hitting the 101.52 US cent mark in the early hours of yesterday morning.
The dollar has not dropped below 99 US cents for more than one week.
The Australian dollar first started its ascent in October this year when it eclipsed 99 US cents – the highest level since the currency was floated in December 1983.
