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Australian, New Zealand Dollars Decline Amid European Concern

The Australian and New Zealand currencies dropped, snapping a two-day advance, amid concern the European Central Bank’s measures to boost liquidity may not stem the region’s debt crisis.

Australia’s currency fell 0.3 percent to $1.0070 and slipped 0.3 percent to 78.63 yen as of 11:07 a.m. in Sydney. New Zealand’s dollar dropped 0.3 percent to 76.82 U.S. cents and 59.98 yen.

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