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.
LX
Hello, i read your blog occasionally and i own a similar one
and i was just curious if you get a lot of spam responses?
If so how do you protect against it, any plugin or anything you can recommend?
I get so much lately it’s driving me crazy
so any help is very much appreciated.
QV
It is accessible for first-timers looking to get
their ft moist, whereas offering enough depth to satisfy those with tons of of
hours of expertise on more complicated PC technique games.
Plainly Vainglory is targeted mainly at present or lapsed
MOBA players who’re used to assist their gameplay with intensive guides and gameplay movies.
great day thanks
I’m not certain where you’re getting your information, but great
topic. I needs to spesnd some time studying much more or figuring out
more. Thanks for wonderful information I was searching for this
info for my mission.
The League of Legends Challenger Series (CS for brief) serves as a league
that feeds into the LCS , with the bottom teams in the LCS from every split competing with the highest groups from
the CS to determine placements within the subsequent split of the LCS and CS The top teams of the LCS
splits qualify for the League of Legends World Championships near finish of the yr, where they compete for a multi-million greenback cash prize pool.
magnificent issues altogether, you simply received a emblem new reader.
What could you suggest about your post that you made a few days ago?
Any positive?
SW