Australia, NZ dlrs sag

SYDNEY: The Australian and New Zealand dollars were leaning on support on Thursday as Chinese trade data proved too mixed to provide any impetus, while bonds extended their blistering rally as a dive in oil prices promised to drag on inflation.

While Chinese exports did edge past forecasts, imports disappointed and the Asian giant is the biggest buyer of Australia’s resource exports.

That left the Aussie limping at $0.6535, having failed to sustain a bounce to $0.6598 the previous session. A break of chart support at $0.6530 would risk a retreat to at least $0.6480.

The kiwi dollar slipped to $0.6119, after also failing to maintain a rally to $0.6177, It has support around $0.6090.