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Australian, New Zealand Currencies Decline Amid Europe Debt Crisis Concern

The Australian and New Zealand dollars declined versus their U.S. counterpart amid concern European pollicy makers will struggle to resolve the region’s debt crisis, reducing appetite for riskier assets.

Australia’s currency slipped 0.5 percent to 99.38 U.S. cents at 11:35 a.m. in Sydney from last week in New York. New Zealand’s dollar dropped 0.3 percent to 75.95 U.S. cents.

To contact the reporter on this story: Mariko Ishikawa in Tokyo at mishikawa9@bloomberg.net

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

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