Your forexlive ENewsletter

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• The U.S. recovery is little more than an economic ’sugar rush’
• Spain’s Zapatero won’t seek re-election
• Australian flood, cyclone disasters to cost economy $9 billion, Swan says
• IEA’s shadow MPC votes 5-4 to hold bank rate
• Noonan to argue for rate cut
• The more things change the more they stay the same

The U.S. recovery is little more than an economic ’sugar rush’ Posted: So says Liam Halligan in The Telegraph.

Spain’s Zapatero won’t seek re-election Posted: WSJ report

Australian flood, cyclone disasters to cost economy $9 billion, Swan says Posted: Bloomberg report.

IEA’s shadow MPC votes 5-4 to hold bank rate Posted: Let's hope the real MPC sees sense and leaves rates unchanged when it meets this week.

Noonan to argue for rate cut Posted: Ireland's Minister of Finance Michael Noonan will begin pressing the case for reducing the interest rate on Ireland's 67 bln EU/IMF rescue package when EU finance ministers meet in Budapest.

The more things change the more they stay the same Posted: Brazil is looking at enacting more capital controls. These will keep the real artificially weak and the dollar artificially strong creating ever-large imbalances.