Aussie, kiwi endure tough week

SYDNEY: The Australian and New Zealand dollars were ending a turbulent week with stiff losses on Friday, while bonds enjoyed a much-needed relief rally after the Bank of England defied pressure for a rate hike.

The Aussie was huddled at $0.7384, having shed 1.8% on the week.

The kiwi dollar was off 1.1% for the week at $0.7093 , following a bearish breach of its 200-day moving average at $0.7100. The next support levels were down at $0.7040 and $0.6980.