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Australian, New Zealand Currencies Decline Against U.S. Dollar

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.

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