New Zealand: Annual House-Price Inflation accelerates to 9.3%

FXStreet (Bali) - The Real Estate Institute in New Zealand has published the Annual House-Price Inflation Report, which shows prices having accelerated to +9.3% from April 2014.

Key headlines

- Inflation accelerates from 8.5% in March

- Prices rise 0.5% M/M

- Auckland prices rise 1.2% M/m, 18.9% Y/Y

- April house sales 7,234

- Sales rise 28% Y/Y

May 12, 2015

Australia's AAA rating is not at risk - Fitch

Australia's AAA rating is not at risk, according to Fitch Ratings, noting that "there is still little evidence to suggest AAA rating will come under threat over usual rating horizon of about two years."

AUD/USD extends beyond 0.79

The Australian dollar reversed previous losses and advanced against the US dollar in the mid-Asian session, with AUD/USD regaining 0.79 handle, following upbeat Australian home loans data while Fitch ratings confirmed that Australia’s AAA rating is not at risk also boosted the Aussie.