EUR consolidates in Asia after slump, but still looks vulnerable

More Andrew Robinson, 8 hours ago13 December 2011 Non-Independent Investment Research The Asian session saw EUR and AUD trade a tad heavy early on a headline that China would withhold aid until the EU meets certain conditions. But once it was ascertained that the comment came from an academic at Peking University and not a policy-maker the slide halted. Tight ranges ensued thereafter.

Of the data releases, The UK’s RICS house price balance surprised most to the upside with a -17 percent reading after a 3-month pause at -24 percent, and its highest reading in more than one year with surveyors reporting an increase in the number of buyer inquiries. But limited access to housing finance is expected to make any kind of recovery in the housing market a long and protracted one.

There was nothing too exciting from Australia’s NAB business surveys with business confidence unchanged at