The Australian dollar has extended its downside movement versus the major counterpart the American dollar after the Australian economy reported that its consumer price index has eased in October, supporting the RBA to keep the rates unchanged in the upcoming period as inflation pressure slows.

Aussie held declines against the yen amid concern European leaders may not be able to construct a plan to resolve the region's debt crisis when they meet in Brussels today.

New Zealand's currency fell against the greenback on speculation that Asian stock markets will slump amid the current global crisis, while the expectations indicated that the Reserve Bank of New Zealand will leave the rates unchanged at their current levels as the inflation pressures cool in the third quarter.