The US Dollar Index started this week on a weaker note by pulling back on Monday. However, it regained strength and rebounded off the lows on Tuesday.
The International Monetary Fund (or IMF), in its “World Economic Outlook” (or WEO) released in October, upgraded the economic forecast for the United Statess for 2017.
The US Dollar Index started this week on a mixed note. The US Dollar Index fell on Monday but regained strength as the week progressed.
Global climate leaders have set a $1 trillion target for green finance by 2020, which would require a tenfold increase in global green bonds issuance.
Green bonds carry the same risk-return profile as conventional bonds. However, these bonds fund projects focused on energy efficiency, clean water, transportation, biodiversity, and sustainable waste management.
Green muni bonds accounted for 56% of US green bond issuances in the first half of 2017 and are expected to touch $10 billion this year.
Over the last ten years, the green bonds (GRNB) universe has expanded and diversified, holding 600 bonds from 24 countries in 23 currencies.
It is estimated that $93 trillion of infrastructure investment is needed in the next 15 years to transition to a low-carbon economy.
At 5:00 AM EST on November 7, 2017, the US Dollar Index was trading at 95.05—a gain of 0.4%.
After gaining for two consecutive trading weeks, the US Dollar Index started this week on a weaker note. The US Dollar Index opened Friday on a stable note.
Given that markets remain focused on the next Fed chair appointment and US tax reforms, volatility (VXX) could be low after the October jobs report.
In a speech at the 2017 Herbert Stein Memorial Lecture, Fed Chair Janet Yellen shared her thoughts on monetary policy for the future and discussed whether there will be any role for unconventional policy again.
Fed Chair Janet Yellen, in her speech at the 2017 Herbert Stein Memorial Lecture, offered some more insight into the Fed’s balance sheet reducing strategy.
US Federal Reserve Chair Janet Yellen, in her speech at the 2017 Herbert Stein Memorial Lecture, explained the challenges that faced the US Fed when it wanted to scale back its monetary accommodation from QE1, 2, and 3.
In her speech at the 2017 Herbert Stein Memorial Lecture, Fed Chair Janet Yellen explained the tools that were used by the Fed to combat the economic slowdown in the aftermath of the 2007 financial crisis.
It has been almost a decade since the onset of the worst financial crisis after the Great Depression, and the US Fed has embarked on a monetary path it has never taken before.
Economic growth has picked up in recent quarters. According to data from Eurostat, the European economy (VGK) grew 2.3% in the recent quarter.
The US Federal Open Market Committee (or FOMC) is expected to leave rates unchanged and maintain the Fed funds range at 1.0% to 1.25% at its November meeting.
The US bond markets (BND) continued to struggle and posted another negative close for the week ending October 27.
With improved market sentiment, the US Dollar Index is trading with strength at three-month high price levels in the early hours.