Bloomberg News

Australian, N.Z. Dollars Drop on Global Slowdown, European Woes

September 15, 2011

Sept. 16 (Bloomberg) -- The Australian and New Zealand dollars fell against their U.S. counterpart on concerns about the slowdown in global economic growth and the European debt crisis.

The Australian currency dropped to $1.0297 at 11 a.m. in Sydney from $1.0328 in New York yesterday. The so-called kiwi declined to 82.10 U.S. cents from 82.38 cents.

To contact the reporter on this story: Masaki Kondo in Singapore at mkondo3@bloomberg.net

To contact the editor responsible for this story: Benjamin Purvis at bpurvis@bloomberg.net


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