Today’s Issue Cluster: Currencies
US – Defaults Have Already Spread Outside Commodities
Water – As El Nino Exits, La Nina Looms
Oil – Venezuela is the next big wild card
US – Apr: New-Home Sales Surge to Highest in 8 Years; +16.6% / B
Currencies – PBOC Shows Slackening Resolve to Revamp Yuan WSJ *
Currencies – Dollar set for its best month in half a year FT
Currencies – Japan Heading for Standoff on Yen with US WSJ / FT / WSJ *
Currencies – Risk-on, risk-off is back B *
Currencies – Bitcoin Catches On With Gold Bugs WSJ *
Currencies – Zloty is the ‘world’s cheapest currency’ / bi *
US – Companies’ cash pile hits $1.7t FT *
US – Triple-A quality fades as companies embrace debt FT * *
US – Defaults Have Already Spread Outside Commodities B * *
US – Manufacturers That Sell at Home Fare Better Than Exporters WSJ *
US – Credit-Card Debt Nears $1t as Banks Push Plastic WSJ *
US – AIA Billings Index Shows “Continued Modest Growth” / cr *
US – Population Surge in Cities Eases WSJ *
Water – Brazilian drought may perk up your coffee FT * *
Water – El Niño Wreaks Havoc Across Southeast Asia WSJ *
Water – As El Nino Exits, La Nina Looms B *
Oil – Venezuela is the next big wild card bi *
Oil – Discoveries Have Shrunk to a Six-Decade Low R / B *
Oil – Deals: Don’t Hold Your Breath WSJ *
Oil – Iran fulfils pledge to raise production FT *
Oil – New Saudi Plan Shows It’s Just Not That Into Opec B *
Oil – Tankers Run in Circles Off China B *
Oil – Ballooning OECD Stockpiles / b *
Oil – Opec cost of production is lowest / bi *
Oil – Booming petrol demand from US to India buoys price FT *
40% of the Buildings in Manhattan Could Not Be Built Today nyt *
