Australian new house sales increased by 6.9% last month

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Source: Forexfactory
Sales of new homes in Australia inched up by 6.9% in April, after facing weak performance in Q1 of 2012, reported the Housing Industry Association. However, despite slight improvement, the volume of new house sales and new building approvals still signal that the real estate sector is far away from robust recovery, said Harley Dale, HIA Chief Economist.

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Tue, 29 May 2012 07:51:04 GMT

China may inject 2 trillion Yuan to boost economic growth

China is considering pumping two trillion Yuan into economy in an attempt to stimulate slowing economic expansion, reported Credit Suisse. In case the country implements these easing measures, it may face faster expansion in the second half of 2012 that is expected to slide to 7% in Q2, said Tao Dong, analyst at Credit Suisse. However, China's Cabinet has not

Tue, 29 May 2012 08:46:01 GMT

Aussie and Kiwi depreciates ahead of European confidence data

The New Zealand and Australian Dollars weakened against their US peer on Tuesday on worries that European financial uncertainty is curbing region's growth. Aussie and Kiwi declined 0.3% against greenback to USD 0.9827 and USD 0.7598 respectively. Currently AUD/USD is trading at USD 0.9863 and NZD/USD is trading at USD 0.7618. 

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