The Australian national currency has fallen against the US dollar today after rising for five straight days in the international currency markets.

The Australian was trading at 103.67 US cents compared to 103.81 cents on Thursday. During the early morning trade on Friday, the currency touched a high of 104.13 US cents, which is its highest level since 28 September, 2012.

The Australian Dollar has been trading above the American Currency in 2012 manly due to strong demand for AAA-rated sovereign bond in the international markets. The rise this week started on Monday following positive economic data from China and was further supported by industrial output growth data from China, indicating that the world's second largest economy might be coming out of the slowdown.

The powerful currency is allowing more Australians to travel abroad and make purchases from other countries either physically or through the internet. This has made the market situation very difficult for the retail stores in the country.

The fall today came as investors started selling Australian dollars to book profits from the rise of recent days. Dealers believe that an European Council meeting in Brussels that is being held on Thursday and Friday will have an impact on the currency.