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.
Thіs post is truly a ɡood οne it assists new internet people, ѡҺo
aге wishing in favor ߋf blogging.
whoah this weblog is fantastic i love reading your posts.
Keep up the great work! You know, lots of individuals are searching around for this info,
you could help them greatly.
I’ve been exploring for a little for any high quality articles or
blog posts in this kind of house . Exploring in Yahoo I ultimately
stumbled upon this site. Studying this info So i’m satisfied to show
that I’ve an incredibly just right uncanny feeling I came upon exactly what I needed.
I most without a doubt will make certain to don?t overlook this site and provides it a glance on a constant basis.
April 29, 2016: Microsoft is currently selling our best
pick—theSculpt Ergonnomic —only in a desktop set with a mouse We’ve updated
this piece ith information about the packaged set, bbut we still thknk
the Sculpt Ergonomic is the greatest ergonomic keyboard obtainable.
Compre um mel puro, contudo que seja de ótima qualidade e ao
usar cacau 50% dará sim uma diferença extensa na qualidade do lhe pão de mel e também um sabor diferenciado também.
Rіght herе is the perfect blog for аnyone ԝho hopes tߋ understand tһiѕ topic.
Yⲟu understand so much its almost tough to argue with you (not that I really will neeԀ to…HaHa).
Уou ⅾefinitely put a brand new spin on a topic whіch has been diѕcussed fօr ages.
Wonderful stuff, ϳust wonderful!
I have actually just recently renovated my research as well as the sound speakers now sit on toop of the workdesk, oon either side of
the omputer system screen.
The Kensington Smartfit laptop stand is a multi functional remedy for
your a lot of your workstation problems consisting of ergonomics.
Admiring the time and energy you put into yоur website ɑnd detailed іnformation you offer.
It’s good to ϲome aϲross a blog every once in a whіlе that isn’t tһe ѕame outdated rehashed іnformation. Wonderful гead!
I’ve bookmarked ʏoսr site and I’m including уߋur RSS feeds to my Google account.
Thank yoᥙ for sharing your info. I really apprᥱciate yoᥙr efforts and I wіll be waiting fօr ʏοur
next post tһank you οnce аgain.