The US economy has been showing signs of recovery
Rating agency Standard and Poor's has raised its credit outlook for the US economy from negative to stable.
In August 2011, S&P downgraded the US rating one notch from AAA to AA+, but now believes further downgrades are less likely as the economy continues to recover.
The news saw the US dollar strengthen 1.3% against the Japanese yen, and 0.2% against the euro.
But S&P is still concerned about the high levels of US debt.
The move came as the Paris-based Organisation for Economic Cooperation and Development (OECD) said that economic growth in the US and Japan was outstripping that of the eurozone.
But most US analysts remained cautious about the upgrade and the equity markets opened only slightly higher.
Source: BBC News - Business http://www.bbc.co.uk/news/business-22838322#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa
