The Euro gained versus the U.S. Dollar on Spain

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Source: Bloomberg
© Scanpix/Reuters

On Friday, the 17-nation currency was higher versus the greenback for the second day, following Spain's government announcement about its austerity package. The Euro gained 0.2% versus the U.S. Dollar to trade at $1.2934 by 9.22 a.m. in New York. Earlier it hit a session high of $1.2960 and a session low of 1.2904.

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Fri, 28 Sep 2012 19:38:32 GMT

Chicago PMI declined unexpectedly

Kingsbury International, a research group, reported on Friday that its Chicago purchasing managers' index fell more than expected. The September's figure was equal to 49.7, which was a significant decrease from the previous month's reading of 53.0. Economists, however, predicted that the September's figure would be unchanged from the August's reading and equal to 53.0.

Fri, 28 Sep 2012 19:27:33 GMT

U.S. consumer income increased less than expected

Commerce Department reported on Friday that the income of the U.S. consumers gained 0.1% in the previous month, matching a July's gain. Economists predicted that there would be a more significant increase of 0.2%. Disposable income, however, declined by 0.3% after adjustments for inflation, which was the worst reading since November.

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