New Zealand and Australia Dollars depreciate

Source: Bloomberg
© Scanpix/Agence France-Presse
The New Zealand currency retreated after nation's Prime Minister John Key stated that the Kiwi is still overvalued and the officials would appreciate a decline in the currency. The New Zealand Dollar fell 0.2% to 80.71 U.S. cents at 5:13 p.m. Sydney time, snapping its 4.3% climb monthly. The Aussie slipped 0.1% to 92.46 U.S. cents after strengthening 2.3% through last two weeks.

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