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.
I am not sure where you’re getting your information, but great topic. I needs to spend some time learning more or understanding more. Thanks for great info I was looking for this info for my mission.
Every weekend i used to pay a quick visit this web site, for the reason that i want enjoyment, for the reason that this this web site conations truly fastidious funny material too.
five hundredextended familyBecauseextended family five hundredtwonuclear familyevenextended familytwofive hundred five hundredtwoextended familya nuclear familysmallrevolting disgustingtwo revolting disgustingdiscrepancynuclear family on this info twoextended familyrevolting disgustingcanrevolting disgustingextended familyfive hundred result in five hundredextended familyrevolting disgustingarevolting disgustingfive hundred five hundredtwonuclear familyrevolting disgustingdropextended family five hundredtwonuclear familyinextended familytwo five hundrednuclear familyyournuclear familyfive hundred native twoauthoritynuclear family.
If a Denver accident lawyer has a lot of experience but hasn’t won a single case, then he might not be able to win your case too. It is simply when a person gets hurts by another person’s failure to use personal care. George Turner gives advice to clients who are looking for attorneys to handle injury related cases.
I like the valuable information you supply on your articles. I will bookmark your weblog and take a look at again right here regularly. I am somewhat sure I’ll be told a lot of new stuff proper here! Best of luck for the following!
My brother suggested I might like this web site. He was totally right. This post truly made my day. You can not imagine just how much time I had spent for this information! Thanks!
I always used to study piece of writing in news papers but now as I am a user of internet therefore from now I am using net for content, thanks to web.
Text is offered below the Creative Commons Attribution-ShareAlike License ; extra phrases may apply.
Alors certes, le design ne plaira sans doute pas a tout le monde, mais le Upsurge est le bracelet connecte le plus performant actuellement sur le marche.
Hello there, You’ve done a great job. I’ll definitely digg it and
personally recommend to my friends. I’m confident they will be benefited from
this website.