The Australian and New Zealand dollars were nursing losses across the board on Thursday as investors pared long positions amid uncertainties about China's economic growth and weakness in Asian stocks. The Australian dollar fell as far as $1.0341, from $1.0392 in New York, having lost 1 percent this week. It was last at $1.0368 and looked set to test last week's trough of $1.0336.
A break there would take it to levels not seen since January 17. The New Zealand dollar was hanging by its fingertips at $0.8170 after touching an overnight low of $0.8150. It ranged $0.8153 to $0.8194 through the session. The Australian dollar was dragged lower by Japanese investors selling for the close of their financial year on March 31. The Aussie skidded 0.4 percent on the day to 85.74 yen, from 87.58 on Tuesday, the highest this week. The Aussie suffered against the euro, pound and Swiss franc, plumbing fresh 2012 lows.
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