Mexican peso rises against U.S. dollar on Wednesday amid economy outlook

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Source: Reuters
The Mexican currency appreciated for the fifth successive session on Wednesday after a report showed that U.S. retail sales advanced significantly in the month of February adding to an investors' optimism about the outlook for Mexico's economy. The Mexican peso accelerated 0.4% to 12.3955 per U.S. Dollar touching its highest level in 18 months after it has added more than 3% since March 6.

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Wed, 13 Mar 2013 18:39:04 GMT

South Korea's jobless rate records a 1-year high in February

Unemployment in South Korea increased in the month of February reaching its highest level in one year after more university graduates entered the labour market, the Statistics Korea reported on Wednesday. The report showed the unemployment rate moved up from January's level of 3.2% to 3.5% recorded in February, while the total number of unemployed people increased to 990,000.

Wed, 13 Mar 2013 17:22:06 GMT

German shares little changed amid economic data release from the U.S. and Eurozone

German shares slightly increased, as gains were capped by data on the industrial production in the Euro-area that edged lower and underperformed the estimates. However, optimism on the U.S. economy was raised as U.S. retail sales rose more-than-expected in February. Four out of nine sectors edged higher. Beiersdorf AG rallied 1.2% to 69.28 euros after earlier trading at 69.65 euros.

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