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The Australian dollar on Friday inched closer to a recent 2-1/2 year trough as weak July housing loans sparked fears of a further slowdown in the once-booming property market, while New Zealand's currency also ticked lower.
The Australian dollar fell 0.6 percent to $0.7157, just above Wednesday's $0.7145 - the lowest since March 2016.
So far this week, the Aussie is down 0.5 percent, piling on losses from the previous one when it faltered 1.8 percent.
Across the Tasman Sea, the New Zealand dollar slipped 0.3 percent to $0.6570, barely above a recent 2-1/2 year low of $0.6530.
The currency was on track fall 0.8 percent on the week. This would be its second consecutive weekly loss as global trade tensions weighed on commodity-linked currencies and posed a risk for the export-dependent New Zealand economy.
New Zealand government bonds gained, sending yields about 1 basis points lower at the long end of the curve.
Australian government bond futures gained, with the three-year bond contract and the 10-year contract up 2 ticks each at 98.005 and 97.4550 respectively.

Copyright Reuters, 2018

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