The Australian dollar (Aussie) started the first day trading this week with a decline against its major counterparts on speculation that the Reserve Bank of Australia will cut the interest rates as the negative results of European financial crisis that caused to hurt the economic recovery in Australia.

On the other side, the New Zealand's currency, nicknamed Kiwi, also declined versus the American dollar after the NZ economy reported that its building permits index has dropped in September by more than both the prior reading and the analysts' forecasts.