The Australian dollar held near lifetime highs against the euro on Wednesday, which stayed under mild pressure partly on worries a German court challenge to the euro zone bailout fund might delay aid to indebted countries.
The euro bought A$1.2008, having fallen over a cent to as deep as A$1.1974 overnight. It has lost nearly 3 percent so far this month. Against the kiwi, it fetched NZ$1.5415, near a record trough of NZ$1.5341 set Monday. The Aussie edged up 0.2 percent to $1.0208, pulling away from a one-week trough of $1.0155, where initial support lies.
Helped by some bargain hunting, the New Zealand dollar also rose 0.2 percent to $0.7950.