It has been speculated that policy makers might not increase the interest rates, as a result Australia's Dollar trade near a three-week low.
As the service industry of New Zealand has grown at the slowest rate since October, New Zealand's Dollar knocked down to five-week low against the Yen and the labor department is of the view that growth in jobs would be modest.
The two currencies also fell against Yen as reports from the Japanese Government illustrated gross domestic product increased at the slowest rate in three quarters.
The Governor of Reserve Bank of Australia, Glenn Stevens will talk about it tomorrow at the University of Western Australia.
"RBA Board minutes on Tuesday and a speech by Governor Stevens that evening provide the domestic focus for the Aussie, but global stock markets and risk appetite are key", said John Kyriakopoulos, Head of Foreign-exchange Strategy in Sydney at National Australia Bank Ltd.
After coming down to 88.60 cents, the lowest since July 22, Australia's Dollar traded at 89.29 U. S. cents in Sydney and New York, last week.
It has been predicted by the National Australia Bank, by the end of September, Australia's currency will come down to 86 cents and the currency of New Zealand will trade at 71 cents.
