Aussie Dollar Falls as Domestic Growth Slows More Than Forecast

The Australian dollar fell against most of its major counterparts, reaching its lowest level versus the U.S. dollar in more than seven weeks, as economic growth in the nation slowed more than forecast in the second quarter.

The Aussie fell to a six-week low against the yen as data yesterday showed euro-area retail sales shrank last month and before a report today forecast to show Australian employers added 5,000 jobs in August after an addition of 14,000 in the prior month. A separate report is expected to show the unemployment rate rose to 5.3 percent from 5.2 percent. The New Zealand dollar pared an earlier loss versus the greenback after figures showed the value of the nation’s construction rose.