The dollar was the best place for investors to be in November, beating returns on worldwide bonds, commodities and stocks as Europe’s debt crisis threatened to derail global growth.
China jailed two officials for leaking classified economic data in its highest profile crackdown on selective disclosure linked to insider trading in the world’s third-biggest equities market.
China’s crackdown on the leaking of key economic data is working after inflation figures weren’t disclosed ahead of the official announcement, analysts said.
South Korea’s won declined for a second day after overseas investors sold 6.1 trillion won ($5.1 billion) more of the nation’s stocks than they bought in May, the biggest net sales in any month since January 2008.
The Australian and New Zealand dollars fell against most of their major peers amid speculation the U.S. Federal Reserve will continue tapering stimulus that has buoyed asset prices around the world.
The Australian dollar remained higher against most of its major peers as Asian stocks extended a global rally after the International Monetary Fund raised its economic growth outlook.
"With Draghi looking increasingly likely to override German objections to QE at the Jan. 22 ECB meeting and the U.S. economy firmly on track for higher interest rates this year, any euro bounces should be modest."
- Sean Callow on Jan 06, 2015