Australian Dollar Follows NZ Peer into Decline

The Australian dollar demonstrated the same performance as its New Zealand counterpart, falling against other most-traded currencies even though Australia’s economic indicators were good.
The Wage Price Index rose 0.5% in the June quarter, the same as in the previous three months and matching market expectations. The Leading Index also rose a bit. Yet all that did not prevent a decline of the Australian dollar, which was trading at the lowest level in about two weeks.
AUD/USD dropped from 0.7694 to 0.7633 as of 15:22 GMT today. AUD/JPY declined from 77.16 to 76.53 following the rally to 77.55.

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