THE Australian dollar has moderated in strength against the greenback after earlier in the day it twice smashed a post-float record.
At 4.57pm the dollar was sitting at 101.69, coming down after hitting 101.95 cents against the US dollar at 11.30am- its highest level since the currency was floated in December 1983.
A US Treasury auction which disappointed investors caused them to seek alternatives to the greenback, such as the Aussie, which had first shattered the 27-year-record when it reached 101.84 cents in overnight trade.
At 10.15 a.m. the currency had fallen back 101.74 US cents, before rallying once again.
It is up substantially up from 101.14 cents at 5pm at yesterday's close and has also reached new highs against the troubled Euro.
At 4.57pm it was trading at 76.84 Euro cents. Overnight the Australian dollar hit 77.35 Euros before falling back to just below 77 Euro cents today, but still well above its long-term average of 59 Euro cents.
