The Australian and New Zealand dollars dipped on Thursday after the US dollar bounced on a round of short-covering, but losses in the pair were limited by data showing China's economy was still charging ahead. The Australian dollar fell as far $0.9814 after US Treasury Secretary Timothy Geithner was quoted by the Wall Street Journal as saying some major currencies were "roughly in alignment".
By late trade, the Australian dollar was down at $0.9815. Support was seen at $0.9800, a break of which could fuel selling as stop-loss orders were lined below it. On the flip side, buy orders seen above $0.9910, $0.9960 and $1. The New Zealand dollar was also soft at $0.7492, down from opening levels about $0.7550, but still up from $0.7468 late on Wednesday.
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