Australian and New Zealand dollars hold hefty gains

The Australian and New Zealand dollars were holding hefty gains for the week on Friday having reached fresh record peaks on the euro and a four-year high on the Swiss franc as yield-hungry investors piled into carry trades.
The tide of money knocked the euro down 1.6 percent for the week to A$1.1777, after touching a record low of A$1.1735 on Thursday. Traders see little support for euro and cite $1.1500 as the next viable target. Against the kiwi, the euro skidded to NZ$1.5268, after setting a new trough of NZ$1.5196.