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

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