Aussie Dollar hits new 23 year high

The Australian dollar has breached another 23 year high in overnight trading touching 90.61 US cents, surpassing the previous high of 90.50 US cents reached in June 1984; however the dollar still has some way to go before passing its highest level post the 1983 currency float of 96.68 US cents set in March 1984. At the close of the overnight session the currency had lost some momentum and finished lower at 90.07 US cents.