The ECB aims to keep medium-term inflationary expectations just below 2%

European Central Bank President Jean-Claude Trichet said Monday that the ECB will maintain healthy medium-term inflationary expectations despite the current strong fall in consumer prices in the deepening economic recession.
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EU Almunia:Govts Should Start Plans To Unwind Fiscal Stimulus

Governments should start planning to unwind their economic stimulus packages, European Commissioner for Economic and Monetary Affairs Joaquin Almunia said Monday, according to a press release from the Organization for Economic Cooperation and Development.
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Foreign investors biught $9.05B in canadian securities; USD/CAD, at 1-month high

Foreign investors have bought a net C$ 9.05 billion worth of Canadian securities in April, up from C$ 7.192 billion in March, the largest investment in Canadian securities of the latest three months.
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UPDATE: Sweden Sees Economic Stabilization Signs

Swedish companies see stabilization signs but register considerable anxiety about potential economic setbacks, a Swedish central bank survey showed Monday.
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ECB Trichet:Will Maintain CPI Expectations Despite Price Fall

European Central Bank President Jean-Claude Trichet said Monday that the ECB will maintain healthy medium-term inflationary expectations despite the current strong fall in consumer prices in the deepening economic recession.
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Brazil Real Closes Weaker As Commodity Currencies Slip

After a strong start, the Brazilian real settled weaker against the U.S. dollar Friday when it became apparent that oil prices wouldn't hold above $70 a barrel.
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Canada Afternoon: C$ Ends Flat In Continued Consolidation

The Canadian dollar ended little-changed after another day of meandering range trade Friday, as weak Canadian retail sales data and slippage in world oil prices thwarted earlier probes higher by the currency.
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UPDATE: Argentina 1Q Current Account Surplus $1.5B - Indec

Argentina posted a first-quarter current account surplus of $1.47 billion, down from $1.68 billion a year ago, the national statistics agency Indec said Friday.
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