Australiaâ€™s dollar was 0.6 percent from its highest level in more than four months after data showed home-loan approvals rose in June by the most this year, adding to signs of improvement in the economy.
New Zealandâ€™s so-called kiwi dollar declined against all of its major peers for a second day after Prime Minister John Key said there may be scope for the central bank to lower borrowing costs. Demand for both South Pacific nationsâ€™ currencies was tempered before data that may show weakness in German industrial production and Chinese retail sales, adding to concern the global economy is slowing.
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