Aussie falls versus Kiwi as home-loan approvals drop first time this year

Source: Bloomberg
© Scanpix/RS
The Australian Dollar decreased on Monday extending its losing streak against its New Zealand's counterpart to the second straight day after a report showed that Australia's home-loan approvals declined to for the first time in 2013. The so-called Aussie fell 0.4% to NZ$1.1332 by 4:53 p.m. Sydney time following a 0.3% drop on October 11.

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