The dollar rallied versus the euro on Friday amid mounting concerns that Europe faces more hurdles to overcoming its economic malaise.
The prospects for euro zone growth took a hit this morning with the release of data showing that euro zone inflation rose well above levels targeted by the European Central Bank.
Euro zone annual inflation increased unexpectedly in September, flash estimate from Eurostat showed Friday.
Annual inflation rose to 3 percent from 2.5 percent in August. The ECB may therefore think long and hard before cutting interest rates in support of the region’s sluggish economy. The ECB targets 2 percent annual inflation.
Progress was made toward aid for Greece this week when German lawmakers voted to expand their participation in a rescue fund. However, other euro zone members must go along with the plan.
The dollar rose to $1.3420 versus the euro, edging near Monday’s 8-month high of $1.3361. The buck also gained on the yen, breaking through Y77 to a two-week high.
The buck was weaker versus the sterling, easing to $1.5650.
Business activity in the Chicago area unexpectedly expanded at an accelerated rate in the month of September, according to a report released by the Institute for Supply Management – Chicago on Friday.
The ISM Chicago said its business barometer jumped to 60.4 in September from 56.5 in August, with a reading above 50 indicating growth.
Personal income showed a modest decrease in the month of August, according to a report released by the Commerce Department on Friday, although the report also showed a continued increase in personal spending.
The report showed that personal income edged down by 0.1 percent in August following a downwardly revised increase of 0.1 percent in July. Economists had expected income to increase by 0.1 percent compared to the 0.3 percent growth originally reported for the previous month.
I wanted to thank you for this wonderful read!! I absolutely enjoyed every little bit of it.
I’ve got you bookmarked to check out new stuff you post…
Great post. I was checking constantly this weblog and I am inspired! Very helpful information particularly the ultimate phase đŸ™‚ I deal with such info much. I was seeking this particular information for a long time. Thank you and good luck.
This website truly has all of the information I wanted about this subject and didn’t know who to ask.
Excellent post! We will be linking to this great article on our site. Keep up the great writing.
Fastidious answer back in return of this matter with solid arguments and telling everything on the topic of that.
Woah! I’m really digging the template/theme of this site.
It’s simple, yet effective. A lot of times it’s very hard to get that “perfect balance”
between usability and visual appearance. I must say you’ve done
a great job with this. Additionally, the blog loads extremely fast for me on Internet explorer.
Outstanding Blog!
Along with almost 400 talented phone psychics to
choose from, you could always find the one that corrects for you!
I every time spent my half an hour to read this website’s articles all the time along with a mug of coffee.
80% of income tax is still paid by 20% of the The lower half of the population pays about 3% of the total taxes The number of children per family also decreases as you go up the tax
I was able to find good information from your blog posts.
We are a gaggle of volunteers and opening a new scheme in our community.
Your site offered us with valuable information to work
on. You’ve done a formidable process and our whole community will probably
be thankful to you.
Generally I don’t read article on blogs, however I wish to say that this write-up very pressured me to check out and do so! Your writing taste has been amazed me. Thanks, very great post.
My partner and I absolutely love your blog and find
many of your post’s to be just what I’m looking for.
can you offer guest writers to write content available for you?
I wouldn’t mind composing a post or elaborating on some of the subjects you write regarding here.
Again, awesome web site!