Investors are also tracking moves after the dollar hit a six-week low against the euro, weakening in the wake of recent dovish comments from U.S. Fed Chair Janet Yellen. But it's not just the euro that's making gains against the USD, Asian currencies are also getting a big boost. The Australian and New Zealand dollar are near nine-month peaks, while the Malaysian ringgit has climbed to a new seven-month high against the greenback.
Thursday, March 31, 2016
China-led Asian Infrastructure Investment Bank agrees to fund US$500M to India for eco friendlyinvestment projects
India hopes to receive one of the first loans issued by the China-led Asian Infrastructure Investment Bank later this year, as it looks to raise $500M for solar power projects from the newly created lender. The AIIB, which has authorized capital of $100B, plans to join global clean-energy initiatives, and could fund eco-friendly investment projects to avoid allegations of promoting pollution.