THE Australian dollar has broken through the $US103.00 mark, a place it has never been since it was floated in December 1983.
The local unit set a new post-float high of $US103.13 in early European trading today before retreating to $US102.98 .
This was just over two days after the previous post-float high was set at $US102.94 in the early hours of Saturday morning.
The previous high was $US102.54 on January 1 this year.
In recent weeks, the Australian dollar has received a boost from rising commodity prices and easing fears of a nuclear meltdown in Japan.
The currency has proven resilient against the shocks of the Japanese earthquake and tsunami and the civil war in Libya.
The Australian dollar fell below $US97.5 for the first time in four months on March 17, but quickly recovered.
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