Michael's Feed
Jul 1, 2015

Environmentally friendly green bonds’ growth spurt pauses

NEW YORK, July 1 (Reuters) – Issuance of green bonds for
financing low-carbon transport and other environmentally
friendly projects has flattened after tripling last year, with
some companies seeing little price advantage and possibly higher
costs from selling the debt.

Deals for green bonds, including the first by issuers in
India, totaled $18.22 billion in the six months through June,
data from the non-profit Climate Bond Initiative showed on
Wednesday.

Jun 30, 2015

U.S. consumer confidence rises; manufacturing still soft

NEW YORK (Reuters) – U.S. consumer confidence increased solidly in June, with households upbeat about the labor market, supporting views the economy was back on firmer footing after wobbling at the start of the year.

The rise in confidence came despite moderate increases in gasoline prices. Other data on Tuesday showed house prices rising in April from a year ago and factory activity in the Midwest stabilizing after hitting a 5-1/2-year low in February.

Jun 29, 2015

Euro drops on Greek worries while rallying against dollar

NEW YORK, June 29 (Reuters) – The euro fell against most
other major currencies on Monday as Greece’s debt crisis
worsened and moved the nation closer to exiting the euro zone.

Still, the euro rose nearly 1 percent against the dollar
after dropping earlier, as some investors unwound trading
positions by buying the euro, according to traders.

Jun 29, 2015

Euro slumps over Greek crisis but climbs against dollar

NEW YORK, June 29 (Reuters) – The euro fell against most
major currencies on Monday as a deterioration in Greece’s debt
crisis moved the nation closer towards a default and possible
exit from the euro zone.

Still, the euro pared early losses against the dollar to
climb nearly 1 percent, as some investors unwound trading
positions by buying the euro, according to traders.

Jun 29, 2015

Euro slumps broadly over Greek crisis but firms against dollar

NEW YORK (Reuters) – The euro fell against most major currencies on Monday in selling driven by a worsening of Greece’s debt crisis.

But the euro pared early losses against the dollar, rising against the greenback as some investors unwound trading positions by buying the euro, according to traders.

Jun 19, 2015

Greece debt fears sting euro, steady dollar

NEW YORK, June 19 (Reuters) – The euro declined against
other major currencies on Friday, weighed down by anxieties
Greece may soon default on debts that also drove safe-haven
buying of the dollar.

Greece is days away from potentially missing debt repayments
of 1.6 billion euros to the International Monetary Fund, and
investors are looking to an emergency meeting next week where
euro zone leaders will try to find a way to unlock aid for
Athens.

Jun 19, 2015

Euro slips on Greek debt fears, dollar gains

NEW YORK (Reuters) – The euro fell against other major currencies on Friday, weighed down by anxieties that Greece may soon default on debts that also drove safe-haven buying of the dollar.

Greece is days away from potentially missing debt repayments of 1.6 billion euros to the International Monetary Fund, and investors are looking to an emergency meeting next week when euro zone leaders try to find a way to unlock aid for Athens.

Jun 18, 2015

Euro narrows gains from Greek bailout hopes, dollar down

NEW YORK, June 18 (Reuters) – The euro jumped on Thursday on
hopes of a breakthrough in Greece’s financial crisis, while the
dollar weakened on U.S. inflation data that left traders even
more uncertain about when the Federal Reserve will begin to
increase interest rates.

The euro rose to $1.1436, its highest against the dollar
since May 18, after German newspaper Die Zeit reported that
European creditors would extend Greece’s existing aid program
until year’s end.

Jun 18, 2015

Dollar declines as U.S. rate uncertainty grows

NEW YORK (Reuters) – The dollar declined on Thursday, with weaker-than-forecast U.S. consumer inflation data making traders even more uncertain about when the Federal Reserve will launch interest rates hikes.

The dollar index .DXY was down 0.50 percent in a second day of losses since the Fed on Wednesday trimmed economic growth forecasts and gave no clear signal on when it will hike interest rates for the first time in nearly a decade.

Jun 17, 2015

Dollar drops after Fed signals later move on rate hikes

NEW YORK, June 17 (Reuters) – The dollar dropped on
Wednesday after the Federal Reserve signaled that interest rate
increases may start later than many have anticipated and trimmed
its U.S. economic forecasts.

The dollar was off more than 1 percent against the Swiss
franc and sterling, while the euro climbed against the dollar,
and was last up 0.75 percent.