The Aussie rises to $1.0399, its highest since May 1, from $1.0359 in early trade. It easily tripped stops at $1.0380 and has gained 1.5 pct so far this week supported by desperate search for yields.
Stronger Asian equities led by China, Hong Kong and Korea more than one percent higher, underpin appetite for commodity currencies. Some cited a rumour of a reserve requirement cut in China, though this talk is routine.
Daily charts suggest positive momentum with April high of $1.0475 on target. Support at around $1.0330 with immediate resistance at $1.0400. Last at $1.0392.
The Aussie hits all-time highs against a battered euro, thanks in part to sustained safe-haven flows. Euro last at A$1.1824, having dipped as low as A$1.1817 at one stage.
The euro has dropped 9 pct in two months as Europe's debt woes show little sign of resolution. Euro has become the currency of choice to fund carry trades which have been growing due to the unbelievably low yield environment.
Aussie benefits as the Reserve Bank of Australia seems in no hurry to cut its 3.5 pct cash rate again.
Interbank futures pricing imply a one-in-three chance of a rate cut in August, from as high as 60 pct earlier this month.
Fresh lows in the EUR/AUD and a falling 10-day MA suggest little support ahead with $1.1500 a viable level on the longer-term. Resistance seen at $1.1962.
The New Zealand dollar inches up to $0.8008, from $0.7996 in early trade. It rose to $0.8020, its highest in nearly two weeks. Market participants see the chance for the kiwi to rise more if global share markets and commodities continue to firm.
Focus on whether kiwi will hold above $0.8000, after previous attempts this month have failed. Traders also expect upside to be capped around $0.8076, a two-month high hit earlier this month which is considered a technical resistance level.
Support seen at $0.7975, its 100-day moving average, and $0.7962, its 200-DMA.
Euro also suffers near a lifetime low vs kiwi. But kiwi remains on the backfoot versus the broadly strong Aussie, which hovers in range of a near two-month high around NZ$1.2990 hit on Wednesday.
New Zealand government bonds a touch softer, lifting yields 2 basis points across the curve.
Australian debt futures softer, with the three-year contract down 0.01 points to 97.760 and the 10-year contract 0.005 points lower at 97.170.