FXstreet.com (Sydney) - The AUD has continued gains on the Kiwi to trade at 1.2640. The pair had earlier opened the local session at 1.2631 before posting an intraday high of 1.2685.
Both the AUD and NZD continued to fall in line with equity markets which once again were in support of the dollar. The market was dubious on the speed and extent of current rallies and went back to the dollar as a safe haven. Risk assets such as the Aussie and the Kiwi suffered. The NZD eased against most major currencies and fell to a week-low against the AUD from 0.7922 from 0.7900 today.