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Kiwi Slumps Versus Yen, Dollar as Deficit Wider Than Forecast

New Zealand’s currency fell to the weakest in six months against the yen after a report showed the country’s trade deficit was wider than estimated, adding to signs of a slowdown in the South Pacific nation.

The kiwi, as the currency is nicknamed, dropped for a sixth day against its U.S. counterpart, the longest losing streak since September 2008. The Australian dollar slid to a nine-month low against the greenback as investors sought safety on concern European officials may fail to forestall a spiraling sovereign-debt crisis.