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SYDNEY, Feb 26 (Reuters) - The Australian dollar was sent reeling from multi-year peaks on Friday as a rout in bond markets spread to other risk assets, spurring the country’s central bank to intervene to stem a savage selloff in government debt.
The Aussie had been flying high overnight as it cleared the $0.8000 barrier for the first time since early 2018, but gravity returned with a bump when world stock markets took fright.
That left the currency flat at $0.7860, from a top of $0.8007, having shed 1.2% late on Thursday. It also wiped out the week’s gains and put pressure on support around $0.7820.
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