Lending in South Africa surges on low interest rates

Note: This section contains information in English only.
Source: Bloomberg

In November South African borrowing rose faster compared to previous month reaching increase of 6.22% as nation's central bank maintained its interest rate unchanged at 5.5% or 30-year record low to boost growth in Africa's biggest economy. Borrowing by businesses and households added 5.5% compared to October, reported Reserve bank. South African economy expanded 1.4% in third quarter.

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Fri, 30 Dec 2011 08:45:48 GMT

US pending house sales surge to 19-month high

US pending home sales increased essentially in November, approaching 19-month high. The pending home sales index jumped by 7.3% last month while analysts expected only 1.5% increase, reported the National Association of Realtors. The jump may be a result of delayed transactions, said Lawrence Yun, chief economist. After the release of data, USD advanced against the Euro and the pair EUR/USD was traded at 1.2928,

Fri, 30 Dec 2011 09:00:09 GMT

Aussie and Kiwi recover as stocks retreat

New Zealand and Australian Dollars strengthened on Friday against their major trading counterparts as Asian stocks recovered, stimulating demand for more risky assets. Both Australian and New Zealand Dollars gained 0.2% against US Dollar reaching $1.0155 and $0.7726 respectively. Appreciation in both currencies also was fuelled by expectations on next week data that may show US manufacturing has escalated. 

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