U.S. retail sales probably rose in August

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Source: Bloomberg
Retail sales in the U.S. probably rose for a second consecutive month in August, economist said before the Commerce Department's data release today. Higher fuel and food prices along with disappointing increase in wages and payrolls might impact household finances. Labour market weakness spurred the Fed yesterday to announce QE3 to stimulate a 3-year expansion. 
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Fri, 14 Sep 2012 07:06:52 GMT

S&P upgraded South Korea's credit rating

One of the leading credit rating agency Standart & Poor's increased its long-term credit rating on South Korea. Agency changed rating to A+/AA from A/A+, also increasing county's outlook to stable. According S&P's representatives, new rating reflects reduced political or military confrontation risk in the Korean peninsula after leadership has changed in North Korea.

Fri, 14 Sep 2012 08:55:05 GMT

Loonie rises to 13-month high versus greenback

The Canadian Dollar rose to the highest level in 13 months against the U.S. Dollar as the Fed announced a third round of bond purchases to stimulate economic growth in Canada's largest trading partner. The Loonie strengthened 0.8% to 96.85 cents per greenback. It fetched 96.65 cents, the strongest since August 2011. Canada's Dollar bought $1.0325. 

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