Australia, NZ dollars sidelined as bonds build on rally

SYDNEY: The Australian and New Zealand dollars were subdued on Thursday as bonds extended their rally to a sixth session as markets wagered interest rates had peaked both at home and in the United States.

The Aussie was flat at $0.6419, having run into resistance around $0.6445 the previous session, but was still well above its recent 11-month trough of $0.6286.

The kiwi dollar also steadied at $0.6016, after topping out at $0.6056 on Wednesday. It has support around $0.6000 ahead of the recent low of $0.5871.