The Australian dollar muscled in on the yen on Friday to scale a fresh 10-month peak and was firm on its US counterpart as strong equities and commodities underpinned sentiment. The Aussie powered up to 87.97 yen, its highest since May, having gained nearly 12 percent so far this year. Resistance is found at 88.10, the May 15 peak, ahead of 88.95. It was last at 87.89.
The kiwi also rose, hovering around seven-month highs at 68.19 yen, not far from Monday's peak of 68.27. The Aussie last stood at $1.0792, off a low of $1.0716 hit Thursday. It has gained nearly 6 percent this year and touched a seven-month peak of $1.0857 earlier in the week. The New Zealand dollar slipped 0.2 percent on the day to $0.8375, keeping its distance from a six-month high of $0.8471 hit earlier this week.
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