The Aussie Dollar Falls on Slower Growth Expectations

“Australia’s dollar slid from the highest level in four months before reports that may show the euro area’s deepening debt crisis is curbing prospects for growth, sapping demand for higher-yielding assets.

The so-called Aussie weakened versus the yen, halting a three-day advance, before a euro-region consumer confidence report today and unemployment data tomorrow. European Central Bank President Mario Draghi and Bundesbank President Jens Weidmann will hold talks in the coming days, two central bank officials said. The Federal Reserve’s rate-setting committee begins a two-day meeting tomorrow, while ECB officials gather for a policy decision on Aug. 2.”

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