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.
Great deals of great, basic details for the brand-new
RVer as well as a great refresher course for those who
have actually been on the road for some time.
Wow, superb weblog format! How long have you been running a blog for? you make running a blog look easy. The total look of your site is fantastic, as well as the content!
Pretty! This has been an extremely wonderful post. Thank you for supplying these details.
Below you will certainly additionally manage to participate in free online exhibitions of mediumship and also
premonition.
They can likewise help you manage health expenses while still
being versatile about how you get your medical care.
When we talk about capital punishment…I want Charles left totally out of the pro death penalty debates, and the purpose is straightforward….he did not kill any person.
The drawback with this tracker is that it doesn’t have a social community group but integrates with the free MyFitnessPal app.
You might want to exclude your valuable pieces from the display.
In fact, many people see around an 80% payback from their initial investment in a bathroom once they sell their homes.
Some methods have walls that can be conveniently removed and effortlessly put back into place.
I’m gone to convey my little brother, that he should also go to see this blog on regular basis to take updated from hottest news update.
Pretty nice post. I just stumbled upon your weblog and wanted to say that I have really enjoyed surfing around your blog posts. In any case I will be subscribing to your rss feed and I hope you write again soon!