| From Bloomberg: The Australian dollar fell for the seventh day and New Zealand's declined as investors sold higher- yielding assets on concern the U.S. bailout won't stop the world's biggest economy sliding into recession.
The currencies also fell against the yen as U.S. manufacturing contracted in September at the fastest pace since the last recession, signaling global economic growth will slow. The Australian and New Zealand dollars have dropped more than 10 percent against the dollar in the past three months as prices of commodities the two nations export declined..... Full Article: Source
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