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.
These additional insurance plan cover additional payments on house medical equipment also.
The duo brings a combined 34 years of experience and $190 million AUM with them to Wells Fargo’s
independent advisory group.
As a coin machine player it is hard to identify
the payback percentage at which a slot machine is established.
I believe everything published made a great deal of sense.
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people want more? I mean Dollar At Highest Since
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Yahoo’s home page and watch how they write post headlines to grab people to open the links.
You might add a related video or a pic or two to
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it might make your blog a little livelier.
And obviously the mutual help societies that helped
poorer Americans pre-1950s were pushed out by crony medical policies.
In the 1920s, medical innovation started to advance, and health care moved from home to health centers.
Policies can differ in their level of cover and you can customize your insurance to satisfy
your budget plan and requirements.
An individual faces this problem whether to go with individual health
guarantee strategy or to choose household floater medical insurance plan.
If you are extremely healthy, or if you already have a health issue,
you should seek protection.
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