Aussie and Kiwi drop on slowdown signals

Note: This section contains information in English only.
Source: Bloomberg
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On Monday trade Australian dollar erased gains as investors expect the Reserve bank to cut benchmark interest rate at its policy meeting due tomorrow. New Zealand dollar declined after China reported its service index deteriorated. Aussie depreciated against its US peer from $1.0271 to $1.0213 while Kiwi gave up 0.1% reaching $0.7764. AUS/USD currently is trading at $1.0238 while NZD/USD is trading at $0.7791.

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Mon, 05 Dec 2011 10:45:12 GMT

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