Aussie, N.Z. Dollars Fall on Chinese Growth, Euro-Region Concern

Australia’s dollar fell against its U.S. peer as speculation slowing economic growth in China, the South Pacific nation’s biggest trading partner, damped demand for higher-yielding assets.

The Aussie dropped against the majority of its 16 most-traded counterparts as China’s Economic Information Daily said downward pressure on the Asian nation’s economy was increasing. The New Zealand dollar declined against all major currencies on speculation that disagreement among the euro region’s leaders is curbing prospects for growth.