SYDNEY: The Australian and New Zealand dollars tumbled on Friday as media reports of Israeli strikes on Iran spurred safe-haven demand into the US dollar and local bonds.
The Australian dollar fell 0.7% to $0.6376, the lowest since November and just within a striking distance of a major support level of $0.6340.
It slipped 0.2% overnight and was set for a weekly loss of 1.4%.
The kiwi lost 0.6% to $0.5866, testing a key support level of $0.5863.
It eased 0.3% overnight and was headed for a weekly loss of 1.2%.
ABC News reported late on Thursday that Israeli missiles have hit a site in Iran, citing a US official, in a major escalation of the Middle East hostilities.
Comments
Comments are closed.