Your forexlive ENewsletter

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• Fed’s Yellen says too soon to start reversing policy
• China reports Nation’s first quarterly trade deficit in 7 years
• Greek loan relief may be insufficient, Germany’s Schaeuble says
• George Osbourne backs ICB on debt holder ‘haircuts’
• Light of recovery still shining through the gloom
• US averts government shutdown

Fed’s Yellen says too soon to start reversing policy Posted: Janet Yellen says U.S. economy is still not strong enough for Fed to start reversing accomodative monetary policy.

China reports Nation’s first quarterly trade deficit in 7 years Posted: China posts deficit of $1.02 bln in the first 3 months of the year, compared with a surplus of $13.9 bln a year ago.

Greek loan relief may be insufficient, Germany’s Schaeuble says Posted: By jove, I think he might be onto something. Bloomberg report.

George Osbourne backs ICB on debt holder ‘haircuts’ Posted: Imposing billions of pounds of losses on bond-holders in any future banking crisis will be at the heart of proposals set to be unveiled Monday.

Light of recovery still shining through the gloom Posted: Guess David's a glass half full kinda guy.

US averts government shutdown Posted: A stopgap deal has been passed to avert a government shut down and agreement to fund the government for the rest of fiscal 2011 has been reached. A total of $40 bln will be trimmed from government spending in these latest two actions. The deal will cut spending by $78.5 below ...