Aussie, N.Z. Dollars Drop After RBA Says Scope for Cuts

The Australian dollar fell to a two-week low after the Reserve Bank left interest rates unchanged and said it has scope to ease policy if needed.

The so-called Aussie also declined along with commodities on concern Europe’s debt crisis will weigh on global growth. New Zealand’s currency, known as the kiwi, touched the lowest in more than a month after data showed the country’s budget deficit widened more than the government had estimated.