Aussie Falls as China Raises Rates, Kiwi Declines on Housing
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The Australian dollar fell against most of its major counterparts after China increased interest rates, discouraging demand for assets linked to growth.
New Zealand’s dollar fell for a fourth day against the U.S. currency after a report showed the nation’s house prices fell in the three months ended June 30. The so-called Aussie fell as China raised its benchmark lending and deposit rates for the first time since 2007 after inflation accelerated to the fastest pace in 22 months.