Aussie Dollar Falls as U.S. Election Polls Narrow, Stocks Slide
This article is for subscribers only.
Australia’s dollar fell as declines in Asian shares and concern over the outcome of the U.S. presidential election sapped demand for higher-yielding assets.
New Zealand’s dollar weakened against most major peers as U.S. President Barack Obama and Republican Mitt Romney entered the final stretch of the presidential contest, where opinion polls have tightened. Losses in the so-called Aussie were limited as traders reduced bets that the Reserve Bank of Australia will cut interest rates at a meeting next week.