Greek funding and quantitative easing in Europe, an expected rate cut in Australia and the buoyant U.S. labor market are set to be the focus of an economic week dominated by a host of central bank meetings.
Reserve Bank of Australia
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Analysts expect that interest rates would not remain stable next year due to heated property markets in Sydney and Melbourne and rising unemployment rates.
Asian shares balked at the starting gate on Monday, skittish in the face of a deepening Ukraine crisis, while the euro touched a fresh one-year low ahead of this week's European Central Bank meeting.
According to a data from SQM Research Pty, property prices in Sydney might increase to as much as 20% in 2014.
Reserve Bank of Australia's (RBA) statement on its national currency prompted an opposite reaction to the Aussie dollar and borrowing rates.
