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.