Print Print edition: 2012-01-19

Australian and New Zealand dollars off highs

Published Updated

The Australian and New Zealand dollars held near record highs on the euro and nudged up on the greenback on Wednesday as investors were buoyed by a raft of upbeat data, ahead of European bond sales. While a broadly firmer euro held off recent lows against the Antipodean currencies, it still remained dangerously close. It inched up 0.2 percent to A$1.2275 on the Aussie, from an all-time trough of A$1.2222 hit offshore.
Against the kiwi, it was at NZ$1.5926, near the NZ$1.5869 trough plumbed earlier this week. Against the US dollar, the Aussie rose 0.2 percent to $1.0400 and looked set to re-test stiff resistance at $1.0410.