The Australian and New Zealand dollars nursed rare losses against a broadly firmer euro on Friday, as strong demand at a Spanish debt auction softened euro zone worries and unleashed a wave of pent-up short-covering. The Antipodeans finally ran into profit-taking after posting record highs against the euro through the week. At 0700 GMT, the single currency was at A$1.2433, up 0.2 percent.
The euro is still off 2.0 percent this month and struck a lifetime trough of A$1.2291 on Thursday. Against the kiwi, the common currency rose to NZ$1.6209, after jumping nearly 3 cents overnight. It has lost 2.6 percent this month and sunk as deep as NZ$1.5917. The Aussie was last at $1.0308, with initial support seen at $1.0286, the intra-day low ahead of a key bulwark at $1.0220. The New Zealand dollar last stood at $0.7905, just under Thursday's two-month high of $0.7980.
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