Heading for 110 US cents
Shoppers will continue to enjoy cheap overseas goods after the Australian dollar passed a record high of $US1.09
On Thursday 28 April 2011, 13:22 EST
The Australian dollar has passed the 109.00 US-cent mark as market confidence in the global economy remains buoyant.
The local currency also continued to benefit from a weak US dollar, which came under further pressure after the US Federal Reserve gave no indication it would raise its interest rate anytime soon.
At 1016 (+1000), the local unit was trading at 109.03 US cents, its highest level since the currency was floated in December 1983.
On Wednesday, the Australian dollar ended the local session at 108.2 cents.
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