http://www.abc.net.au/news/stories/2010/10/15/3040079.htm Australian dollar hits parity with greenback Updated 1 hour 10 minutes ago The Australian dollar has hit parity with the US dollar for the first time since it floated in 1983. The last time parity was seriously discussed as a possibility was in 2008 ahead of the crash of Lehmann Brothers when the dollar hit 98.5 US cents. But as the global financial crisis unfolded, it plummeted to 60 cents. Just before 11.30 pm (AEDT), the dollar briefly rose to 1.0003 US cents. About midnight, the dollar had pulled back to about 99.69 US cents. The dollar has been rallying in recent months because of growing expectations the US Federal Reserve will pump more cash in to the US economy. That has been weakening the US dollar and sending the Australian dollar to its new post float high.