Aussie Falls as RBA Minutes Show Scope for Currency to Weaken
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The Australian dollar extended this quarter’s biggest decline among major counterparts after the Reserve Bank indicated the currency may weaken further.
The Aussie slid against all 16 of its major peers after the minutes from this month’s central bank meeting showed policy makers see room to ease borrowing costs further. The Australian and New Zealand dollars fell for a third day against the greenback before the Federal Reserve begins a policy meeting today that may point to when it will curtail quantitative easing.