The reelection of US President Barack Obama was positive for Asian currencies as there was an inflow of dollars into the largest markets. Obama second term means that the quantitative easing policies that are currently in place will continue which have appreciated the higher growth emerging nations.
China’s power transition that is to take place during the Communist Congress continues. The departing Hu Jintao has set the course for his heir apparent and has outlined the biggest challenges going forward. In a case of “He-who-shall-not-be-named” Jintao mentioned corruption and the perils the Chinese State would fall if they ignore the problem and fail to tackle it.
Japan is facing a legislation crisis if they cannot agree on the budget before the opposition parties force the Prime Minister to dissolve congress.
- Japan Faces Debt Legislation Crisis 
- China GDP to double by 2020 According to President 
- New Zealand Q3 Employment Surprise to the Downside – Reaction 
- Australia Employment Change (OCT) – Reaction 
- China Power Transition to Focus on the Economy 
- China to Focus on New Economic Pillars 
- China Considers Democratic Reforms 
- RBA Cuts ’13 Growth Outlook. Forecasts based on 1.04 AUD/USD 
- RBA keeps rate at 3.25% – Reaction 
- Nov RBA Rates Decision: Expectations 
- Indian Mortgage Loans increase 15% despite ‘debt averse’ demographic 
- USD/CNY estimated to reach 6.22 in 2013 – HSBC 
- China’s consumer inflation eases in October 
- Thailand debt-to-GDP ratio may reach 60 per cent due to current stimulus program 
- China to speed financial reform, foreign investment: Hu 
- 1st Congress Meeting for New Chinese Government 
- Singapore 2nd most competitive economy in the world. Swiss First. 
- Australia House Prices Improves, but lower than expectations 
- China to Review Futures Trading Regulation 
- SG: Jobless rate remained despite slower growth 
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