UK house prices tumble in September

Source: Bloomberg
The house prices in the UK experienced in September their biggest decline in more than one year, reported Halifax. The home cost on average dropped 0.9% from the prior month. In contrast to that, prices soared 2.7% in August. Compared with a year ago, prices increased 8.5% in September, while they rose by 2% in Q3. House-price inflation started to grow the last months, clearly indicating a supply-demand imbalance in the property market. 
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Tue, 06 Oct 2015 09:44:03 GMT

Kiwi edges up against Greenback

New Zealand's currency climbed up against the US Dollar on Tuesday amid the Reserve Bank of Australia's announcement of an unchanged monetary policy for the fifth consecutive month. The NZD/USD pair changed hands at $0.6493, slightly easing from its session high of initially $0.6516. According to statistics published earlier, New Zealand's business confidence indicator dropped to minus 14 in Q3,

Tue, 06 Oct 2015 09:22:04 GMT

Aussie rises versus Greenback as RBA keeps rates unchanged

The Australian Dollar extended gains against its US counterpart on Tuesday, as the RBA kept its interest rate on hold for the fifth consecutive month. The AUD/USD advanced nearly 0.7%, to trade at the fresh two-week high of $0.7134 just after the decision. By holding its interest rate steady at 2%, the RBA showed that the recent falls in commodity

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