The Australian and New Zealand dollars held near all-time highs on the euro on Friday after the European Central Bank disappointed some by not launching immediate bond buying, while offshore demand kept them resilient on the US dollar. The embattled euro nursed heavy losses and looked poised to end the week more than 1 percent lower against the Antipodean currencies.
It pushed the boundaries three times this week to slump to a lifetime low of A$1.1600 overnight. It last traded at A$1.1627, showing a loss of nearly 10 percent in two months. The Australian dollar last traded at $1.0474, back to where it stood 24 hours ago following a whippy session that saw it lose a cent and a half.