Aussie, N.Z. Dollars Fall as Risk Appetite Ebbs on China, Europe
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The Australian dollar fell for the first time in three days against its U.S. counterpart amid a decline in risk appetite as China’s industrial output rose the least in three years and investors expressed concern whether Europe’s debt crisis is being contained.
The Aussie also declined as Chinese imports slid, further damping the outlook for economic growth. New Zealand’s dollar declined for the first time in four days versus the greenback amid skepticism the Federal Reserve will add stimulus at a meeting this week. Stocks fell.