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US: Retail Sales up 0.2% in August

FXstreet.com (Edinburgh) -The Commerce Department has informed that US retail sales have expanded 0.2% MoM during August. Ex autos, sales have also advanced 0.1%. Both prints missed the median at 0.4% and 0.3%, respectively.

USD/JPY crashes over 30 pips to erase daily gains

The USD/JPY foreign exchange rate took a tumble on the heels of US data Friday, by far its biggest movement of the day, crashing nearly over 30 pips in recent minutes.
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US disclaims rumors of Obama planning to name Summers as Fed chief

Due to the substantial agitation in the markets, caused by reports earlier on Friday that US President Barack Obama is to nominate Lawrence Summers as Fed chief, the White House has released a statement in which it denied such intentions.
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