New Zealand's housing approvals moved higher in December

Source: Forexfactory
New Zealand's building consents increased by 2.1% last month on a seasonally adjusted basis. However, excluding apartments, a small decline of 0.2% was observed. Considering yearly changes, building consents increased slightly in December but remained close to 46 year low, reported Statistics New Zealand.


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Tue, 31 Jan 2012 08:30:37 GMT

Unemployment in Japan hit 4.6% in December

Unemployment in Japan increased more than expected in December, the Statistical Bureau announced. The unemployment rate inched up to 4.6% on a seasonally adjusted basis last month from 4.5% in November. Meanwhile, experts predicted the rate stay unchanged at 4.5% in December.

Tue, 31 Jan 2012 10:39:26 GMT

Aussie and Kiwi rally on EU summit

New Zealand and Australian Dollars appreciated sharply on Tuesday as European officials signalled they have taken measures to end two-year debt crisis. Both South pacific currencies also were fuelled by positive news about Australian business confidence and an increase in home building approvals in New Zealand. Aussie strengthened 0.3% to $1.0632 and Kiwi climbed 0.5% to $0.8233. Currently AUD/USD is

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