The Australian and New Zealand dollars struggled to make much headway on Wednesday as the market locked in recent gains after both local and Chinese data failed to whet risk appetite in Asia. The Aussie stood at $1.0615, barely changed from late New York levels, having retreated from a session high of $1.0640. Still, it has surged some 7.5 percent from a low of $0.9862 in December.
The pace and magnitude of recent gains as well as Europe's unresolved debt crisis could make the Aussie vulnerable to bouts of profit taking.
The New Zealand dollar stood at $0.8234, a shade below its New York close. It had hit a high of $0.8301 overnight, the best since mid-September.
The Antipodeans were also lower against the resurgent yen, with the Aussie at 80.88 yen from 81.07 yen, while the kiwi eased to 62.72 yen, but off last week's high of 63.83. The Aussie pushed up around 0.3 percent against the kiwi to NZ$1.2889.
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