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The Australian and New Zealand dollars trimmed their losses against their US counterpart and euro on Thursday, but they stayed under pressure with investors unsettled by uncertainties over the looming US fiscal cliff. The Aussie dipped as low as $1.0347, its weakest in 10 days, from $1.0372 early and well off a seven-week peak of $1.0480 hit last week.
It last traded around $1.0379, with talk that sovereign funds had been buyers. The New Zealand remained wobbly but edged back to $0.8122 in late trade, from a two-month low of $0.8087 struck overnight on the back of sliding equities as risk dimmed. The Aussie and kiwi both notched solid gains against the yen to one week highs at 63.73 yen and 0.9 percent at 65.55 yen.

Copyright Reuters, 2012

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