Aussie and Kiwi decline on interest rate cut and S&P warnings

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Australian dollar dropped against all of his main counterparts as the Reserve Bank of Australia lowered benchmark borrowing costs by 25 b.p. for a second consecutive month. Australian dollar lost 0.9% against US dollar reaching $1.0181 in Sydney trade. New Zealand's currency also depreciated after Standard & Poor's placed 15 euro-area countries on watch negative. Kiwi gave up 0.5% against US dollar to $0.7761.