Australian and New Zealand dollars shot up to multi-month peaks on Thursday after the Federal Reserve surprised markets by maintaining its massive stimulus, sending stocks and commodities sharply higher.
The Aussie soared to $0.9525, its strongest in three-months, showing a rise of 1.8 percent on the day.
Key resistance was found at $0.9715, the 50 percent retracement of the April-August move.
The kiwi dollar climbed to a four-month peak of $0.8382, up more than a cent and a half on the day and heading towards $0.8679, the 2013 peak.
The Fed shocked investors by deciding to continue its massive stimulus programme, citing strains in the U.S. economy. Markets had widely expected the central bank to start reducing its $85 billion monthly stimulus by $10-$15 billion.
Australian government bond futures bounced with the three-year bond contract up 11 ticks to 97.00, off six-month lows touched on Wednesday. The 10-year contract added 14.5 ticks to 96.015.
The Aussie soared to $0.9525, its strongest in three-months, showing a rise of 1.8 percent on the day.
Key resistance was found at $0.9715, the 50 percent retracement of the April-August move.
The kiwi dollar climbed to a four-month peak of $0.8382, up more than a cent and a half on the day and heading towards $0.8679, the 2013 peak.
The Fed shocked investors by deciding to continue its massive stimulus programme, citing strains in the U.S. economy. Markets had widely expected the central bank to start reducing its $85 billion monthly stimulus by $10-$15 billion.
Australian government bond futures bounced with the three-year bond contract up 11 ticks to 97.00, off six-month lows touched on Wednesday. The 10-year contract added 14.5 ticks to 96.015.