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Shoppers Brave Chills For Sales
1Bargain hunters lined up before dawn as retailers began the holiday shopping season with early-bird specials on toys and big-ticket items such as TVs and computers. Retailers often get 25% or more of annual sales starting on "Black Friday." Toy price wars are intense, but fewer discounts are expected overall this year. More on this page
Online Sales Seen Merry Again
2Consumers already bought an estimated $5.2 bil in goods from Nov. 1-27, up 22% from the same period in 2002, says BizRate.com. Free shipping will likely boost the number of online orders, though the size of each order may decline. Net security fears may be an issue. FedEx says online sales should boost holiday shipping. More on A5
Dollar Falls To New Low Vs. Euro
3The euro topped $1.20 intraday for the first time, closing up 0.45 cent to $1.1984 as speculators bet the U.S. will struggle to finance its current account deficit. The dollar edged up vs. the yen on news in Japan. Foreign central bank holdings of Treasury and agency debt jumped in the latest week, suggesting that's helping offset any declining demand from private foreign investors.
Trade Sanctions On U.S. Delayed