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Australia's housing market did not go down the same road as the United States, Luci Elli, Head of the Financial Stability Department of Reserve Bank of Australia said Thursday. There were many factors that underpinned Australia's housing market, she noted.
News Japan may put $50 bln in IMF in order to help its trading partner euro zone avert debt crisis, reported the Asahi Shimbun But Asahi also reported the announcement won't come at G20 meeting in Mexico Newspaper also reported that IMF is looking at raising around $500 bln to meet the need of the c...
The Australian dollar recovered its early losses against other major currencies in late Asian trading on Thursday. At present, the aussie is worth 1.2458 per euro, 1.0650 against the greenback, 1.0643 against the Canadian dollar and 85.40 against the yen.
Singapore's annual inflation eased to the lowest in eight months in January, mainly due to lower contribution from private road transport costs, data released by the Ministry of Trade and Industry showed Thursday.Consumer price inflation slowed to 4.8 percent in January from 5.
Indonesia's inflation will rise above 5.5 percent in 2012 if the government lifts fuel prices by more than IDR1,000 per liter, Bank Indonesia Governor Darmin Nasution reportedly said Thursday. The central bank has set an inflation target of 3.5-5.5 percent for 2012.
A temporary rise in crude oil prices would not prompt a shift in monetary policy, Bank of Japan Governor Masaaki Shirakawa reportedly told lawmakers on Thursday. That is why policymakers avoided using the term 'targeting,' which often implies an automatic response, he added.
In the Asian session on Thursday, the Singapore dollar erased early losses against the U.S. dollar soon thereafter. The Singapore dollar is now trading at 1.2575 against the greenback, compared to an early 6-day low of 1.2611. The pair closed Wednesday's deals at 1.2577.
NewsIndonesia C.bank said that inflation could rise above 5.
The Swiss franc rose against the U.S. dollar in Asian deals on Thursday. As of now, the franc is trading at a 2-day high of 0.9094 against the dollar, compared to yesterday's close of 0.9104. If the franc gains further, it may likely target the 0.900 level.
The yen gained slightly against the U.S. dollar in Asian trading on Thursday. The yen is now worth 80.12 per dollar. If the yen rises further, it may likely target the 79.8 level. At yesterday's close, the dollar-yen pair was quoted at 80.26.
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