Aussie, Kiwi Fall for Third Day Versus Dollar Before Fed Minutes
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The Australian and New Zealand dollars fell for a third day before the Federal Reserve publishes minutes of its last meeting, which may provide clues on when U.S. policy makers plan to slow stimulus that has inflated asset prices around the world.
The Aussie extended losses that have made it the worst performing Group of 10 currency this year after the Reserve Bank signaled yesterday that more interest rate cuts are possible. New Zealand’s dollar slid to the lowest level in a week as the country’s central bank said new lending curbs could reduce house-price inflation in half.