Kiwi reaches 5-week high versus Aussie as house prices rose in New Zealand

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Source: Bloomberg
© Scanpix/AFP
The kiwi dollar reached the highest level in five weeks versus the Australian peer as house prices in New Zealand increased at the fastest pace in 5 years last month and card spending rose. The Aussie weakened versus its major counterparts as business confidence fell to the lowest level since 2009. The New Zealand Dollar gained 0.1% to 83.54 U.S. cents after earlier rising to 83.55, the strongest since September 28. 
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Tue, 11 Dec 2012 08:21:53 GMT

Platinum jumps on expected deficit, Fed easing

Precious metals rose on Monday, being supported by broadly weaker greenback and speculation that the Fed will not tighten its ultra-easy monetary policy. However, dismal data from the Eurozone limited losses of the US Dollar thus capping gains of the commodity group. Meanwhile, market players continued to wait for the FOMC statement due on Wednesday.Gold climbed 0.53% amid mounting hopes

Mon, 10 Dec 2012 19:19:50 GMT

DAX

German equities were little changed as Greece rescheduled the deadline on bond buyback offer and Italy's Prime Minister announced of his resignation after the former Prime Minister withdrew his support for the government, while Berlusconi seeks to return to power. The shares were also affected by Greece extending a deadline to spend 10 billion euros to buy back the sovereign

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