BLBG:Australian, N.Z. Dollars Drop on Global Slowdown, European Debt Concerns
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
