Daily forex news from Sidney we reported, AUD
dollars and NZD dollars got declined for a fourth day as declines in Asian stocks
and concern Europe’s debt crisis is going more worsening weighed on risk
appetite.
Another South Pacific currencies were weaker against most of
their 16 major peers after borrowing costs for Spain and Italy
climbed and speculation mounted that Greece may miss debt-
reduction targets.
Respons that condition Aussie dollars remained lower against
the yen following data that showed Australian inflation slowed
in the second quarter, increasing scope for the Reserve Bank to
reduce interest rates.
Sean Callow, a senior currency strategist at
Westpac Banking Corp. said “The Aussie looks a bit pricey given the slowdown in the
global economy, weaker commodity prices and weaker equity
markets,” AUD and NZD are very sensitive to the deterioration in global risk
appetite.”
So what is the number, AUD slid 0.1 percent to $1.0210 as of
11:46 a.m. in Sydney from yesterday, when it declined 0.4
percent. It touched 79.54 yen, the lowest since June 29, before
trading at 79.68, 0.1 percent below yesterday’s close. Meanwhile NZD known as the kiwi currency, fell 0.3 percent
to 78.20 U.S. cents. It earlier dropped to 78.08, the lowest
since June 14. The currency lost 0.3 percent to 61.13 yen, after
touching 61.01, the weakest since June 12.
