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Repeat:W/Jobs Back,Canadians Buy Autos --Bucking Global Trend

Canadians are out of step with the rest of the industrialized world, confidently buying new motor vehicles when sales in the United States and many other countries are falling....

Fri, 09/03/2010 - 01:35

FX Update

ASIA FX: US Dollar Stuck in Tight Ranges Before Payrolls Data

The U.S. dollar traded sideways within narrow ranges in Asia Friday, as players waited for the release of tonight's U.S. non-farm payrolls data for August. The FX market started the session with tinge of risk...

Fri, 09/03/2010 - 00:24

North America

US Data: Quarterly Service Sector Revenue Survey

Release for: Second Quarter 2009 Source: U.S. Department of Commerce

Data not seasonally adjusted unless noted as (adj)

Total Revenue ($mln) Type of Business 2Q-09 1Q-09 4Q-08 3Q-08 2Q-08

Information (adj) 274271 275329 277868 281967 28355

US Redbook: Sept Store Sales +0.2% vs Aug Through Sept 5Wk

WASHINGTON (MNI) - The following is the text of the weekly retail sales report released by Johnson Redbook Tuesday, for the month-to-date through the week ended September 5:

The Johnson Redbook Retail Sales Index was down 2.4% in the first week of September. Month-to-date, September was down 2.4% compared to September of last year (relative to a revised target of a 2.9% drop).

Fed's Evans: Need Much More Expansive Bank Lending For Inflatn

By Steven K. Beckner

Market News International - Chicago Federal Reserve Bank President Charles Evans vowed Wednesday that the Fed will "respond aggressively" to signs of inflation pressures, but said it is now "too soon" to begin tightening monetary policy.

Although there has been a great expansion of bank reserves and, in

Bank of Canada to Retain 0.25% Policy Rate Thursday

By Courtney Tower

OTTAWA (MNI) - Canada is pulling out of severe downturn, one largely created by successive goods trade deficits for the first time in half a century, but the Bank of Canada will not declare victory Thursday morning.

Text: US ICSC-GS Wkly Store Sales +0.6%% in Wk Ended Sep 5

WASHINGTON (MNI) - The following is the commentary from the ICSC-Goldman Sachs Weekly Chain Store Sales Snapshot released Tuesday:

September got off to a positive start as colder than normal temperatures and a later than normal back-to-school start in some parts in the country gave retailers a positive sales week. According to the

ASIA FX: US Dollar Extends Early Gains as Yen Crosses Gain

SINGAPORE, Sept. 9 (MNI) - The U.S. dollar ended in Asia near session highs, as yen crosses regained ground after regional stock markets erased early gains and as the euro and the Australian dollar came under pressure.

In overnight trade, the euro posted a new 2009 euro high of $1.4535, after breaking decisively above $1.4445-50, the prior 2009 peaks seen two times in August.

ASIA FX: US Dollar Marks Modest Gains, Euro, Aussie Pull Back

SINGAPORE, Sept. 9 (MNI) - The U.S. dollar made modest gains in the Asian morning Wednesday as risk aversion rose while the euro and the Australian dollar pulled back from their respective overnight highs.

In overnight trade, the euro posted a new 2009 euro high of $1.4535, after breaking decisively above $1.4445-50, the prior 2009 peaks seen two times in August.

Analysts:High Oil Stocks, 2Q'10 Demand Impact on Price Worry OPEC

By Brai Odion-Esene

WASHINGTON (MNI) - As the Organization of the Petroleum Exporting Countries ministers arrive in Vienna ahead of Wednesday's ordinary meeting, energy analysts highlight continued concerns by the cartel over large crude stocks held by industrialized nations but disagree on the