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 decrease or avoid the possibility of septic absorption failing, install a septic effluent or greywater filter to the septic
system tee.
Steps away from all the things you want in Vancouver’s flourishing Oakridge neighbourhood it is easy to stay related at Legacy Senior Living.
Have you ever thought about publishing an ebook or guest authoring on other sites? I have a blog based on the same information you discuss and would really like to have you share some stories/information. I know my viewers would appreciate your work. If you’re even remotely interested, feel free to send me an e mail.
Pretty element of content. I just stumbled upon your web site and in accession capital to claim that I get actually loved account your weblog posts. Any way I will be subscribing in your feeds or even I fulfillment you get right of entry to consistently quickly.
Why users still use to read news papers when in this technological globe everything is available on net?
I blog quite often and I seriously appreciate your content. This great article has truly peaked my interest. I will bookmark your website and keep checking for new details about once a week. I opted in for your RSS feed too.
Getting in chastity is absolutely nothing like a sexless marriage.
But the ideal perk that has come out of embracing this lifestyle is the utter joy and happiness I have now living with this man.
The only other reader encounter I have is actually that my bro headed to one when I was actually pregnant along with DD1 and she said everyone have a sister that is actually expectant – yes.
I think the admin of this site is truly working hard in support of his web site, for the reason that here every data is quality based stuff.