Australian Dollar Declines for 2nd Day After RBA Minutes

Australia’s dollar fell for a second day, following its biggest drop this month, after the Reserve Bank said the currency’s direction will be important in determining policy.

Volatility in the Aussie rose to the most in two weeks after meeting minutes showed policy makers said another interest-rate cut isn’t imminent. The 10-year government bond yield touched the highest in 16 months. New Zealand’s dollar tumbled against all its major peers, heading for its biggest loss against the greenback in six weeks, after the country’s central bank chief said it will impose bank lending restrictions, lessening the need for interest-rate increases.