The dollar continued to hammer the slumping euro on Monday, supported by a better-than-expecting reading on U.S. manufacturing and concerns that Greece is on the verge of default.
Greece, which needs 8 billion euro from its neighbors to make its next payment, admitted that it will miss its 2011-12 deficit targets set by the EU and International Monetary Fund as part of the country’s bailout.
It is feared that Europe’s banking system may be threatened if Greece restructures its debt. European officials have worked feverishly in the past few weeks to buy time to put in place a plan to stave off a wider crisis.
The dollar jumped to $1.3230 versus the euro, its highest since early January. The buck is up more than 12 cents compared to late August.
The buck rose to a weekly high of $1.5460 versus the sterling, edging near a yearly high of $1.5327.
Early gains helped the dollar stay near its yearly highs above C$1.05 versus its Canadian counterpart.
Activity in the U.S. manufacturing sector expanded for the 26th consecutive month in September, according to a report released by the Institute for Supply Management on Monday, with the pace of growth unexpectedly accelerating compared to the previous month. The ISM said its manufacturing index rose to 51.6 in September from 50.6 in August.
German manufacturing activity reached a two-year low in September, but the Purchasing Managers’ Index stayed slightly above the flash estimate, final data published by Markit Economics showed. The seasonally adjusted Markit/BME PMI fell to 50.3 in September from 50.9 in August. The PMI was below its long-run average, but stayed above the flash estimate of 50.
France’s manufacturing industry contracted less than earlier estimated in September. The seasonally adjusted PMI for the manufacturing sector came in at 48.2 in September, higher than 47.3 previously estimated. In August, the reading was 49.1.
Eurozone factory activity decline in September was less severe than expected, final results of a survey by Markit Economics showed. The final reading of the PMI for the manufacturing sector was a 25-month low of 48.5, a tad above the flash estimate of 48.4. In August, the score was 49.
To help defray medical costs, companies that have self-insured medical strategies affiliate themselves with insurance coverage carrier networks.
With these vending machine, the player could select the value of each credit rating wagered (the risk) from a list of choices.
The widely prominent Liberty Bell gaming machine arrived on the scene
in 1895, stimulating the preliminary usage of
the one armed outlaw” nickname.
The other thing that will certainly assist in saving you money on your
individual or household medical insurance coverage is to
look around for the best price.
Therefore in most of the event we have actually discovered that Americans are suffering from big health care improvement.
This is definitely unfortunate that all of these individuals need to lose their health coverage.
Most of these insurance plans are based on age, species, indoor or outdoor way of life, and pre-existing conditions of the family pet.
The only real way to understand is to obtain a full quote for
you from the business you are thinking about.
Deputy Manager, Peter Merritt, stated: They was available in with the side doorway and
afterwards they shattered the machines to pieces.
Today, while I was at work, my sister stole my iphone and tested to see if it can survive a thirty foot drop, just so she can be a youtube sensation. My iPad is now destroyed and she has 83 views. I know this is completely off topic but I had to share it with someone!