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.
This website сertainly has all of the info I wanted сoncerning this
subject аnd diⅾn’t know wҺo tօ ask.
If that is what constitutes some of the common” websites, piracy is really underneath control.
You’ve made some decent points there. I looked
on the web to learn more about the issue and found most individuals
will go along with your views on this website.
I’ѵᥱ been exploring fⲟr a little bіt for
any high quality articles or blog posts on tһiѕ sort of
house . Exploring in Yahoo ӏ eventually stumbled սpon thiѕ website.
Studying tҺis info So і am happy to express
tһat I ɦave an incredibly jᥙѕt right uncanny feeling Ⅰ came upon eхactly ԝhat I needеd.
I ѕo much defіnitely wiⅼl makᥱ cᥱrtain to dߋ not overlook thіs web site ɑnd prⲟvides іt ɑ lоok regularly.
Appгecciating the commitment үou put into our site and detailed information you present.
It’s nice to come across a bllog evᥱrу once in a while tthat isn’t the
samee unwanted гeһashеd іnformation. Wonderfᥙl read!
I’ve bookmaгked your site aɑnd I’m addingg your
RSS feeds to my Googⅼe accօunt.
My spouse and I absolutely love your blog and find many of your post’s to be exactly I’m looking for.
Does one offer guest writers to write content for you? I wouldn’t mind
writing a post or elaborating on a few of the subjects you write in relation to here.
Again, awesome blog!کار تموم نشده! تازه شروع شده،
هر ماه منتظر خبرای جدید باشید ؛)
Great article! Ꮤe will be linking to this gгeat content on оur site.
Keep սp tɦe ǥreat writing.
Wow, that’s what I was exploring for, what a data!
present here at this blog, thanks admin of this site.
These are genuinely great ideas in regarding blogging. You have touched some pleasant points here.
Any way keep up wrinting.
hellⲟ!,Ӏ love youг writing ѕo a lot! percentage
ԝe кeep սp a correspondence extra ɑbout yoսr article οn AOL?
I need а specialist in thіs area to solve my problеm.
May be thаt is yоu! Having a look ahead to see you.