1. Brazil stocks fell, rocked by renewed worries the country will be forced to devalue its currency this year and that tighter credit will hurt earnings. 2. He said China would not devalue its currency this year. 3. Santer declined to judge which nations would meet the requirements of the single currency this year. 4. Some Asian countries with similar problems were forced to devalue their currencies this year. 5. Thailand will use the money to bolster its foreign exchange reserves, depleted when the government tried to fend off a devaluation of the Thai currency this year. 6. The pound has risen against most major currencies this year. 7. The slowdown was compounded by the decline of the dollar against EU currencies this year, reducing the competitiveness of European exports. 8. Eleven members of the European Union, led by France and Germany, launched the currency this year. 9. Germany will miss the deficit target for entry into the European single currency this year, a leading economic research institute said Wednesday. 10. However, the announcement probably meant the government and the National Bank have revised their ambitious plans for defending the currency this year. |