A$, NZ$ weaken as investors see easier monetary policy

London

THE Australian dollar fell more than one per cent to an 11-day low on Tuesday while the New Zealand dollar hit a three-week trough, as investors ramped up bets that both central banks could ease monetary policy as early as next month.

The Australian dollar fell after minutes from the latest central bank meeting left the door open for a possible interest rate cut in August. New Zealand's currency was dented after the Reserve Bank proposed ways to curb a house price boom, a move also seen as paving the way for a rate cut.