Aussie Dollar Falls a Second Day Versus Yen After Sentiment Data

The Australian dollar fell for a second day against the yen after data showed consumer confidence was little changed from a two-month low, underscoring concern the South Pacific nation’s economy is weakening.

The so-called Aussie slid versus most of its 16 major counterparts after the World Bank cut its global growth forecast for this year, tempering demand for higher-yielding assets. Australia’s bonds advanced for a third day. The New Zealand dollar, known as the kiwi, dropped versus its Japanese peer as Asian stocks declined.