Aussie recovers on Italy while Kiwi climbs on PM's re-election

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Source: Bloomberg
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On Monday Australian dollar advanced after news that IMF might provide aid for Italy and European officials may finally agree on a comprehensive solution for debt turmoil. Australia's dollar jumped 1.5% against US dollar reaching $0.9860. Kiwi appreciated 1.8% to $0.7536 after PM John Key won the elections with biggest majority in 60 years establishing hopes to balance nation's budget. AUD/USD currently is trading at $0.9879 while NZD/USD is trading at $0.7524.

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Mon, 28 Nov 2011 11:42:06 GMT

Canadian government will have final decision on top banks' purchases

Jim Flaherty, Canada's PM is going to implement regulation that would give the government rights to allow or reject purchases by country's top banks. Flaherty claims such regulations will help to circumvent unexpected obstacles in nation's financial system. Canada reassesses banking legislature once in five years and country's banking system is considered as the world's healthiest.

Mon, 28 Nov 2011 10:52:08 GMT

UK home prices continue to decline

In November home value in the UK decreased for the seventh consecutive month. According to Hometrack Ltd., a property researcher, the pace of deterioration may quicken as fragile consumer confidence hurts demand. The average value of home lost 0.2% compared to October and dropped 2.3% on a yearly basis, while consumer confidence reached a record low previous month.

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