Australian Dollar Slumps To More Than 1-year Low Versus NZ Dollar
Extending its previous session's downtrend, the Australian currency declined further against the New Zealand dollar in European trading on Monday.
The Aussie dropped to more than a 1-year low of 1.2485 versus the kiwi by about 6:40 am ET, which may be ocmpared to last Friday's close of 1.2524. Presently, the pair is trading near 1.2492.