UK housing prices touch 8-month high

Source: Bloomberg
UK home prices climbed in December, reaching 8-month high, as the buyers hurried to complete their deals before the end of 2011 amid surging demand from investors, said Acadametrics Ltd.  in its report The average value of home in Wales and England added 0.2% to $338 000 compared to November.
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Fri, 13 Jan 2012 08:46:02 GMT

Aussie and Kiwi decline on US data

The New Zealand and Australian Dollars depreciated against their major peers on Friday as weaker than expected US retail and employment data hampered demand for less safe assets. Kiwi weakened against greenback 0.3% to $0.7915 while its Australian peer lost 0.1% reaching $1.0321. Currently AUD/USD is trading at $1.0345 while NZD/USD is trading at 0.7927.

Fri, 13 Jan 2012 08:45:06 GMT

Draghi: the plan supposed to tame European crisis starts to work

ECB President Mario Draghi announced his plan for curtailing European debt turmoil starts to work as large amount capital injection in region's financial system in December begin to oil credit markets amid falling Spanish and Italian borrowing costs. The Euro slightly appreciated after Draghi's announcement.

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