The Australian and New Zealand dollars continued to be weak against their major currencies in the Asian session on Thursday amid risking risk aversion following the sell-off overnight on Wall Street and amid concerns about the political situation in Yemen after Saudi Arabia and its allies began airstrikes in that country. Soft U.S. U.S. durable goods orders report showing a more than expected drop in February on Wednesday soured sentiment.

Data from the Commerce Department showed that U.S. durable goods orders fell by 1.4 percent in February following a downwardly revised 2.0 percent increase in January. Economists had expected orders to climb by 0.7 percent compared to the 2.8 percent jump that had been reported for the previous month.

Investors also monitored the political turmoil in Yemen. Saudi Arabia and its Gulf Arab allies launched air strikes on Yemen Wednesday against Houthi fighters who have tightened their grip on the the nearby port city of Aden, where the country's president Abdu Rabu Mansour Hadi had taken refuge.

Wednesday, the Australia and New Zealand dollars fell against their major rivals. The Australian dollar fell 0.40 percent against the U.S. dollar, 0.63 percent against the yen, 0.32 percent against the euro and 0.20 percent against the Canadian dollar. The NZ dollar also fell 0.65 percent against the U.S. dollar, 0.84 percent against the yen and 0.52 percent against the euro.

In the Asian trading today, the Australian dollar fell to an 8-day low of 1.4044 against the euro and a 6-day low of 93.19 against the yen, from yesterday's closing quotes of 1.3978 and 93.69, respectively. If the aussie extends its downtrend, it is likely to find support around 1.43 against the euro and 91.70 against the yen.

Against the U.S. and the Canadian dollars, the aussie dropped to 3-day lows of 0.7806 and 0.9773 from yesterday's closing quotes of 0.7840 and 0.9815, respectively. The aussie may now test support near 0.75 against the greenback and 0.96 against the loonie.

The NZ dollar also fell to a 1-week low of 1.4483 against the euro in the Asian trading today, from yesterday's closing value of 1.4411. If the kiwi extends its downtrend, it is likely to find support around the 1.48 area.

Against the yen and the U.S. dollar, the kiwi slipped to a 6-day low of 90.37 and a 3-day low of 0.7569 from yesterday's closing quotes of 90.84 and 0.7601, respectively. On the downside, 88.12 against the yen and 0.72 against the greenback are seen as the next support levels for the kiwi.

Looking ahead, German Gfk consumer confidence for April, Swiss KOF Spring economic forecast and Eurozone M3 money supply and U.K. retail sales- both for February are due to be released in the European session.

At 4:35 am ET, U.S. Federal Reserve Bank of St. Louis President James Bullard is expected to give OMFIF Public Lecture on the economy and monetary policy in Frankfurt.

In the New York session, U.S. weekly jobless claims for the week ended March 21 and Markit's U.S. PMI reports for March are slated for release.

At 9:00 am ET, U.S. Federal Reserve Bank of Atlanta President Dennis Lockhart will deliver a speech about the economic outlook and monetary policy at the Engage International Investment Education Symposium, in Detroit.

Subsequently, European Central Bank president Mario Draghi will address the Italian parliament's finance and EU policy committees in Rome at 9:15 am ET. After 15 minutes, Bank of Canada Governor Stephen Poloz is expected to speak at the Canada-UK Chamber of Commerce, in London.

At 1:30 pm ET, Bank of England Governor Mark Carney will hold a press conference about his role as Chair of the Financial Stability Board, in Frankfurt. After half-an-hour, Swiss National Bank member Fritz Zurbrugg will deliver a speech about monetary policy after the cap at the Money Market Event, in Zurich.

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