Homebuyers in Australia borrow more amid low interest rates

Note: This section contains information in English only.
Source: Bloomberg
The total value of new mortgages that have been taken by Australian homebuyers surged on a record pace in November of the last year, as they want to get benefits from very low interest rates. In November Australians borrowed $23.8 billion, a 25% annual jump. At the same time, some analysts expect the RBA's main rate to increase later this year, making mortgages more expensive.
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Thu, 23 Jan 2014 09:14:05 GMT

Aussie drops as China's manufacturing eases in January

The Australian Dollar declined on Thursday trading session after a government report revealed that the manufacturing sector purchasing managers' index in China slowed down in January raising concerns over the country's economic growth. The so-called Aussie fell 0.6% to $0.8789 traded near the lowest level in more than three years at $0.8756.

Thu, 23 Jan 2014 08:52:04 GMT

Loonie falls as BoC says weaker currency may help exports

Canada's Dollar declined on Thursday falling against its U.S. counterpart towards the weakest level since 2009 after the Bank of Canada claimed that the Loonie's depreciation may help increase exports from the country. The Canadian Dollar has decreased almost 5% versus the U.S. Dollar this year and was last seen at C$1.1139.

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