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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.


See also:       

• Belgium 
• Germany 
• France 
• Italy 

• Eurozone & UK 

• Economic news 
• Government 

10:15, Thursday, 12 July 2007

Euro zone May industrial output up 0.9 pct vs April, up 2.5 pct yr-on-yr


BRUSSELS (Thomson Financial) - Euro zone May industrial output rose 0.9 pct from April, and was up 2.5 pct year-on-year, EU statistics agency Eurostat reported.

Economists polled by Thomson Financial News had forecast a month-on-month rise of 1.0 pct and an increase of 2.3 pct from a year earlier.

Month-on-month, Eurostat said energy output increased by 1.8 pct while durable consumer goods output grew by 1.7 pct.

Capital goods output in May increased by 1.1 pct from April. Non-durable consumer goods output went up by 0.4 pct, while intermediate goods output rose 1.0 pct.

nina.chestney@thomson.com

nc/slm


 

Forex news - 12 July 2007
11:12 Philippine central bank cuts overnight borrowing rate to 6 percent - UPDATE
10:15 Euro zone May industrial output up 0.9 pct vs April, up 2.5 pct yr-on-yr
10:34 Euro zone Q1 GDP growth revised to 0.7 pct from 0.6 pct UPDATE
11:27 Oil rises as EIA numbers fail to reassure; stays firm above 75 usd UPDATE
10:29 Metals - Gold creeps close to one-month high as dollar plunges UPDATE
10:50 Metals - Copper rises on tight global stocks, mkt eyes strike action UPDATE
09:45 Forex - Euro at fresh all-time high against dollar after hawkish ECB bulletin
09:45 UK manufacturing sees 'major improvement' in Q2 - BCC survey
09:57 ECB says it is monitoring inflation risks 'closely', ready to act UPDATE
09:07 US considers investment agreement with Taiwan
09:07 Dutch May retail sales up 1.9 pct year-on-year
09:06 Russia's gold, forex reserves up to 408.4 bln usd on July 6



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