FXstreet.com (Sydney) - The AUD interrupted a run of gains against the Kiwi and has fallen to 1.2708. The pair had earlier opened at 1.2762 and maintains a downward trend.
The Aussie suffered greatly after the Dubai government announce it would defer debt repayments for six months. The markets lost their appetite for risk and returned safe havens such as the dollar. Dubai World also operates a significant number of Australian ports.