Asian major currencies move in a narrow range, led by the Australian and New Zealand dollars amid the global economic recovery is losing momentum this period supported the investors to decline their investments for the higher yielding investments.

The New Zealand currency, nicknames Kiwi, declined to the most level in two days against the American dollar after the nation reported that the producer input prices slid less than a previous, reached to the lowest in more than a year and producer input costs rose.

Moreover, the Asian stock markets continued their downside movements which came as a negative impact on the Australian dollar (Aussie) that dropped against the US dollar for a second day in a row.