Aussie, NZ dollars track euro lower; Italian bond sale eyed

WELLINGTON/SYDNEY: The Australian and New Zealand dollars plumbed one-week lows against the greenback on Thursday, tracking a decline in the euro in thin year-end conditions ahead of an Italian debt auction.

Italy aims to sell up to 8.5 billion euros of bonds later on Thursday and markets are keen to see if its borrowing costs will ease. On Wednesday, Rome's short-term funding costs halved at an auction, but analysts warned against expecting such a big drop in yields on Thursday.