Australian and New Zealand dollar struggle

The Australian and New Zealand currencies lost ground against a broadly firmer greenback on Friday, but advanced on the euro as worries about the euro zone's high levels of debt returned to haunt the single currency. The Aussie fell as low as $0.9919, reaching levels not seen since December 21, and taking this week's losses to nearly 3 percent. It last traded at $0.9932, down from $0.9944 late in New York.
The Aussie, however, rose against the euro, which came under broad pressure on renewed worries about the eurozone debt crisis ahead of a flurry of supply from peripheral eurozone members next week. The euro last traded at A$1.3070, having fallen to a near one-week low of A$1.3040 overnight. The markets will be closely watching a raft of Australian data next week including retail sales and employment. The NZ dollar clawed off the session low at $0.7554 to $0.7577 in late trade. It too has shed nearly 3 percent this week as traders took profit from recent hefty gains.