The Australian and New Zealand dollars bounced higher on Friday, as markets cheered the European Central Bank's plan to tackle the region's debt crisis and more hints of stimulus in China. The Aussie dollar rose to $1.0321, its strongest in a week and up from a two-month low of $1.0165. Resistance is found at $1.0335, the 38.2 percent of the August-September decline.
The New Zealand dollar edged up 0.2 percent on the day to a session high of $0.8037, adding to half a cent of gains made on Thursday. The kiwi has recovered from a six-week low of $0.7915 hit, and is poised to end the week a touch higher versus the US dollar. The euro slipped as far as to A$1.2239, a cent and a half lower from a two-month peak of A$1.2390 hit this week.