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Australian Dollar Declines To 5-day Low Against NZ Dollar

12/5/2012 6:42 AM ET

The Australian dollar lost ground against the New Zealand dollar in Europe on Wednesday.

The aussie that closed Tuesday's trading at 1.2717 against the kiwi slipped to a 5-day low of 1.2684 around 6:25 am ET. The next downside target level for the aussie-kiwi pair is likely seen at 1.26.

by RTT Staff Writer

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