Aussie, Kiwi Fall as Slowing China Exports Damp Resource Demand

Currencies of commodity-producing nations tumbled after Chinese trade data deepened concern that demand for raw materials will dwindle.

The Australian and New Zealand dollars led declines with South Africa’s rand after reports during the weekend showed China’s exports shrank more than economists estimated and producer prices fell by the most in almost six years. A gauge of the dollar advanced for the first time in three days while crude oil stayed below $50 a barrel.