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.
I think everything published made a lot of sense. However, consider this, what if you typed a catchier post title? I ain’t suggesting your information is not good., but suppose you added a headline that makes people desire more? I mean Dollar At Highest Since January Versus Euro, Nearing $1.32 is kinda plain. You could peek at Yahoo’s front page and note how they create news titles to grab people to open the links. You might add a related video or a pic or two to grab people excited about what you’ve written. Just my opinion, it would bring your posts a little livelier.
I’m now not certain the place you are getting your information, however great topic. I must spend a while studying more or working out more. Thank you for magnificent information I used to be looking for this info for my mission.
They have a tendency to bite exposed places of the body, permitting a fast get-away when lights come on. They are also much less likely to bite the head – they’re excellent at not waking sleeping folks.
Hello there, I found your web site via Google at the same time as searching for a related matter, your site came up, it appears to be like great. I’ve bookmarked it in my google bookmarks.
Hello there, simply turned into alert to your blog through Google, and found that it’s truly informative. I am going to watch out for brussels. I will be grateful should you proceed this in future. A lot of other folks can be benefited out of your writing. Cheers!
Private and voluntary nursing properties are meeting the growing care requirements of our ageing inhabitants.
We are really rated and awarded.
I couldn’t refrain from commenting. Perfectly written!
If it is actually your finest buddy or your worst enemy, it is important to understand how group
health insurance works so that you will understand.
if you are qualifying because of impairment, your medical insurance strategy doesn’t cover one of your primary cost expenses!
Provided this big potential in the market, the medical insurance
items are becoming leading choice of insurance companies consisting of life insurance providers.