The number of UK first-time buyers declined to the lowest in nearly twenty years. This is the result of more stringent home loan conditions which decrease the ability for Britons to buy a house, according to GfK NOP. Property prices have climbed again due to a lack of supply.
Singapore allowed its currency to rise versus Greenback
Singapore has allowed the Singapore Dollar to appreciate versus the Greenback. This measure targets on decreasing inflation and managing the economic expansion. The Singapore Dollar instantly rose 1.25% to 1.347 against the Greenback.
Read more...Interest-rate advantage spurs Aussie – Consumer demand may boost Greenback
The Australian Dollar gained against the Greenback for the second consecutive day. The Reserve Bank of Australia increased its benchmark rate on April 6th. This resulted in the Australian interest-rate advantage over the US reaching its highest level since 2008.
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