Aussie, N.Z. Dollars Fall on Europe Stalemate, Before RBA

The Australian and New Zealand dollars declined on speculation disagreement among the euro region’s leaders on debt-crisis solutions is curbing prospects for growth, damping demand for higher-yielding assets.

The so-called Aussie and kiwi declined against most of their major peers before data today forecast to show German business confidence stayed near the lowest in more than two years. Greece and representatives of its so-called troika of international creditors agreed to take a break from inconclusive aid talks. The Reserve Bank of Australia will hold a policy meeting next week.