US dollar strengthens ahead German data

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Source: Bloomberg
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The US dollar appreciated against most of its major peers on Monday, as analysts predict investor confidence in Germany to plunge to a 3-year record low, bolstering demand for securer assets. The German report on investor confidence will be released tomorrow and economists surveyed by Bloomberg expect the confidence index to be at around -55.8. The dollar gained 0.4% to $1.3338 in London morning trade. The pair currently is trading at $1.3342.

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Mon, 12 Dec 2011 08:05:34 GMT

Australian home loans exceeded expectations

Home loans in Australia increased more than expected in November, according to official data. The number of Australian home loans increased to 0.7% on a seasonally adjusted basis from 2.2% in October, reported Australian Bureau of Statistics. Experts projected the number of home loans to increase by 0.2% in November.

Mon, 12 Dec 2011 08:40:56 GMT

Nikkei 225 jumps after the summit

Japan's Nikkei Stock Average added 1.46% or 124.97 points on Monday closing at 8,661.43. The gains for Nikkei 225 followed increase in US markets on Friday as European officials approved steps to create a tighter fiscal alliance. Export dependent technology shares were best performers with Toshiba Corp. gaining 3.9%, Fujitsu Ltd. advancing 2.9% and Samsung Electronics Co. adding 2.7%.  Chip producer Elpida Memory Inc. rallied

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