Mr. Ben Bernanke (Federal Reserve Chairman) said in Washington that the actual financial crisis, the worst U.S. recession since the 1930s, probably ended! Some Economists are skeptic about the announcement.

He Yafei (Chinese Vice Foreign Minister) answered to Barack Obama`s announcement we mentioned yesterday, the vice minister said “U.S. tire tariffs are a clear example of protectionism that will do no good to the international economic recovery”. 

In FX accounts, Canada’s dollar increased the most this week versus the U.S. currency, as a government report showed American retail sales increased in August. This positive fundamental promoted investor’s appetite for higher-yielding currencies.

The Loonie appreciated 1 percent to C$1.0724 per U.S. dollar in Toronto, from C$1.0827 yesterday. The yen may extend declines against its major counterparts based on speculations of the biggest gain in U.S. retail sales in three years that will encourage investors to sell the currency and buy riskier assets.