Crude oil edged up amid supply worries

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Source: Forexpros
Crude oil futures extended previous gains in Asian session on Tuesday as hopes that Greece will remain a member of the Euro Zone lifted investors' sentiment. Adding to the positive mood of the commodity, supply concerns lingered as world major powers failed to agree with Iran on its nuclear program. Light, sweet crude oil futures for July delivery traded at 90.94 US Dollars per barrel, appreciating by 0.09%.

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Tue, 29 May 2012 07:40:01 GMT

Australian new house sales increased by 6.9% last month

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.

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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