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S&P/Case-Shiller Index suggest broad-based slowdown of US house prices

FXStreet (London) - Data released by the the S&P/Case-Shiller Home Price Index showed that prices continue to decelerate in September.

The 10-City Composite gained 4.8 percent year-over-year, down from 5.5 percent in August. The 20-City Composite gained 4.9 percent year-over-year, compared to 5.6 percent in August.

The National and Composite Indices were both slightly negative in September. Both the 10 and 20-City Composites reported a slight downturn while the National Index posted a -0.1 percent change for the month.

Charlotte and Miami led all cities in September with increases of 0.6 percent. Atlanta and Washington D.C. offset those gains by reporting decreases of 0.3 percent and 0.4 percent.

Treasury yield curve flattens post the US GDP report

The upward revision of the US Q3 GDP number led to sharp gains at the short-end of the treasury market curve compared to the yields at the long-end.
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NZD/USD tests 2-week lows at 0.7765

The NZD/USD deepened its fall to the lowest level since November 11 at 0.7765 following a god US GDP data. However, the pair found buying interest at this level and bounced off to trade back at 0.7790.
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