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Forex news - recent top stories

15:03,  12 July 2007
US May trade deficit up 2.3 pct to 60.0 bln usd as expected 
WASHINGTON (Thomson Financial) - The US trade deficit rose 2.3 pct in May to 60.0 bln usd as Americans imported more and more expensive oil and other commodities.Economists were looking for a 60.0 bln usd deficit, expecting imports to recover from their April slide.

12:49,  12 July 2007
Forex - Euro at all-time high against dollar following strong GDP data 
LONDON (Thomson Financial) - The euro continued to post fresh all-time highs against the dollar, supported by an unexpected upward revision to first quarter GDP growth and robust industrial production figures.

09:45,  12 July 2007
Forex - Euro at fresh all-time high against dollar after hawkish ECB bulletin 
LONDON (Thomson Financial) - The euro climbed to a fresh all-time high against the dollar after a hawkish European Central Bank monthly bulletin, amid ongoing concern about the US sub-prime mortgage market.

See also:       

• Ecuador 
• Venezuela 

• South America 

• Government 

00:20, Friday, 02 February 2007

Ecuador's rejects IMF review of economy

QUITO, Ecuador (AFX) - Ecuador's new leftist government will not sign an agreement allowing the International Monetary Fund to monitor the country's economic plan, the economy minister said Thursday.

"I have no intention ... of accepting what some governments in the past have accepted: that (the IMF) tell us what to do on economic policy," Economy Minister Ricardo Patino told Channel 4 television. "That seems unacceptable to us."

Patino also praised Venezuela -- where President Hugo Chavez is a key ally of Ecuadorean President Rafael Correa -- for offering the Andean nation credits of up to $1 billion.

In its budget proposal presented Wednesday, Ecuador's new government set aside $2.7 billion -- 28 percent of the $9.8 billion budget -- for foreign debt payments, more than $1 billion less than in 2006.

Correa took office in January promising to take steps to renegotiate the country's $16.8 billion foreign debt and direct resources to programs to help the poor.

Investors are waiting to see if the country makes its programmed payment on Global Bonds 2030, due Feb. 15.

"We'll decide whether or not to pay these obligations based on fiscal necessities because our commitment is going to be to pay salaries on time, allot resources to education and health," Correa said Wednesday.


Forex news - 02 February 2007
05:23 China makes progress on environmental policy, but problems remain - EU
04:25 Oil prices firmer in Asian trade on OPEC production cut, cold US weather
04:23 Hong Kong's Donald Tsang plans to cut profits tax if reelected
04:04 Forex - US dollar softer in Sydney afternoon trade as payrolls data looms
03:43 China steel products exports seen curbed by export tax rebate cut - association
01:16 Australia Dec trade deficit wider vs Nov at 1.336 bln aud - UPDATE
00:20 Ecuador's rejects IMF review of economy
00:17 Japan monetary base falls in Jan for 11th straight month
00:16 UK pay deals pick up in 3-months to Jan, highest since 2001
23:50 Forex - Dollar firmer in Sydney morning, range trading ahead of US payroll data
02:10 Venezuela taking over oil operations
23:47 Minimum wage bills at a glance
22:54 U.N. hopes China presses Sudan on Darfur
06:09 Senate ups wage to $7.25 over two years
22:32 30-year mortgages highest since October
00:48 Savings tumble poses risk to boomers
20:59 Survey: Midwest economy confident

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