The Australian and New Zealand dollars were nursing hefty losses after a broad retreat from risk on Thursday as worries Europe's debt crisis would not end anytime soon drove long-term bond yields to record lows. The Aussie dollar last stood at $0.9897, from $1.0017 late on Wednesday, having shed nearly 3 percent this week.
Key support was seen around $0.9863 ahead of $0.9818, with hourly resistance at $0.9940-45. Downside sentiment remains firmly in play. The New Zealand dollar was dragged lower to $0.7475, from Wednesday's late local level of $0.7567, having shed more than 3 percent this week.