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.
Currently it sounds like WordPress is the preferred blogging platform available right now. (from what I’ve read) Is that what you’re using on your blog?
Numerous early fire insurance groups in the nests started as
combination volunteer fire companies and insurance companies.
Due to the wording of the law, brand-new health
sharing ministries could be created but would not excuse members
from the Obamacare required.
Future development of the on-line video gaming sector will certainly come a lot more rapidly on an around the world basis than in the United
States, states the Congressional Record.
Enjoyed the game till it needs you to.
Since these are group plans, the premiums might be less than exactly what you would pay in the individual
market.
Nonetheless, just a few weeks ago a grab
bag was presented that had a possibility to contain a free type port.
Hi there! This post couldn’t be written any better!
Reading through this post reminds me of my previous room mate!
He always kept talking about this. I will forward this write-up to him.
Pretty sure he will have a good read. Many thanks for sharing!
The lower the loss ratio, the better since that indicates your clients are not entering a mishap and
generating income for the insurance coverage business.
The district also acts as a training ground for nurses and
other medical technicians.