The Australian dollar was holding marginally above parity with the US greenback after slipping below that level at the weekend for the first time in 11 months.
The currency fell to 99.61 US cents on Saturday morning AEST, putting it below $US1 for the first time since June 2012.
But at 6.30am AEST today the Australian dollar was trading at 100.10 cents, which was lower that Friday night's local close of 100.63 US cents but above the 99.96 US cents it traded at earlier today in Asian markets.
The local unit, however, was firmer against the Japanese yen and the euro.