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.
Its like you read my mind! You seem to know a lot about this, like you wrote the book in it or something. I think that you can do with a few pics to drive the message home a little bit, but other than that, this is fantastic blog. A fantastic read. I’ll definitely be back.
I am no longer positive where you’re getting your
information, but great topic. I must spend some time finding out more or working out more.
Thank you for excellent information I was in search of this information for my
mission.
This is the top comment in every single thread about her, and yet people always act like they’re going out on a limb calling a clearly hot girl
Hey! This post could not be written any better!
Reading through this post reminds me of my old room mate!
He always kept talking about this. I will forward this write-up to him.
Fairly certain he will have a good read. Thank you for
sharing!
Lily’s turn this time with what appears to be the identical as Lexi’s current damage ie working into one thing at full tilt.
Wow, this article is pleasant, my younger sister is analyzing these
kinds of things, therefore I am going to inform her.
My brother suggested I might like this blog. He was entirely right. This post truly made my day. You can not imagine just how much time I had spent for this info! Thanks!
Wonderful beat ! I wish to apprentice while you amend your site, how could i subscribe for a blog web site? The account helped me a acceptable deal. I had been a little bit acquainted of this your broadcast provided bright clear idea
Or relatively I have however this is usually because of my misconfiguration reasonably than their failure.
Hello it’s me, I am also visiting this web site daily, this site is really fastidious and the people are really sharing fastidious thoughts.
I have read so many content on the topic of the blogger lovers however this post is actually a pleasant piece of writing, keep it up.
For pity’s, give me one thing to complain about!
whoah this weblog is excellent i really like reading your articles.
Keep up the great work! You know, lots of individuals are looking around for this information, you could aid them greatly.
I really like your blog.. very nice colors & theme.
Did you create this website yourself or did you hire someone to do
it for you? Plz reply as I’m looking to construct my
own blog and would like to know where u got this from.
appreciate it
I’m truly enjoying the design and layout of your site.
It’s a very easy on the eyes which makes it much more enjoyable for me to come here and visit more often. Did you hire out a developer to create
your theme? Great work!
I could not refrain from commenting. Perfectly written!
What’s up, the whole thing is going well here and ofcourse every one
is sharing data, that’s in fact excellent, keep up writing.
This article is actually a pleasant one it helps new
net users, who are wishing in favor of blogging.