China House Price Index rose from previous -6.1% to -5.7% in May

The New Zealand dollar extends its downward spiral versus the American dollar in the early-Asian trades, knocking-off NZD/USD to the lowest levels since July 2010. The Kiwi remains relentlessly sold-off as traders continue to absorb the latest NZ GDP print which showed that first-quarter economic growth figures for the dairy-producing nation came in well below forecast.