Australian Dollar Falls Amid Slowdown Concerns, Chinese Stocks
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The Australian dollar fell to the weakest level in more than a month against its U.S. peer after the nation’s home-building permits fell by the most in a decade.
The Aussie declined to a nearly two-month low against the euro as China’s Shanghai Composite Index slipped to its lowest level since February 2009. China is the nation’s largest trading partner. New Zealand’s dollar weakened versus 13 of its 16 most-traded counterparts as global stocks and commodities dropped.