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The Aussie Dollar Falls on Growth Concerns

“The Australian dollar retreated from a two-week high after unexpected declines in domestichome- loan approvals and China’s imports damped the outlook for economic growth.

The so-called Aussie also weakened for the first time in three days after data showed industrial output rose by the least in three years in China, Australia’s biggest trading partner. The New Zealand currency, nicknamed the kiwi, held onto a three- day gain on speculation the Federal Reserve will add stimulus as early as this week after a Sept. 7 report showed U.S. payrolls rose less than projected in August.”

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