The New Zealand dollar fell as hopes fade the Federal Reserve will reveal fresh details of monetary stimulus and Spain delays asking for a bailout ahead of the central bank summit at Jackson Hole, Wyoming.
The New Zealand dollar fell to 79.82 US cents, the lowest since July 25, from 80.13 cents yesterday. The kiwi decreased to 63.78 euro cents, the lowest since July 3, from 63.93 cents and the trade weighted index declined to 71.88 from 72.05.
Equity markets on both sides of the Atlantic fell as hopes for an immediate monetary boost from the Fed diminish ahead of this weekend's central bankers' retreat in Jackson Hole.
Spain's Prime Minister Mariano Rajoy said his government would delay deciding whether to seek a sovereign bailout until the aid conditions are clear.
Wall Street's Dow Jones Industrial index slipped 0.8 per cent and the Standard and Poor's 500 index shed 0.5 per cent. Germany's DAX 30 index dropped 1.6 per cent.