Australia’s dollar, the best performer among major peers this year, may extend gains after the European Central Bank’s unprecedented easing boosted demand for the currency, according to Westpac Banking Corp.
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.
"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