Dollar slips to lowest level in two years

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Source: Bloomberg
© Scanpix/Reuters
The U.S. Dollar slipped to the lowest level in two years versus the 17-nation currency on worries that U.S. recovery has slowed down after nation's government shutdown this month. The greenback fell 0.2% to $1.3803 per Euro as of 6:57 a.m. in New York after touching $1.3822, while it dropped 0.1% to 97.33 Yen after reaching 97.16 yesterday, the weakest level since October 9.
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Thu, 24 Oct 2013 13:09:04 GMT

Chinese manufacturing continued to rise amid recovery

Manufacturing sector in China continued to expand, while the benchmark HSBC PMI Index, which measures the activity in this sector of the economy, reached 50.9 points from 50.2 points a month earlier. Economists forecasted the index to add 0.2 points to 50.4. Analysts see the Chinese economy recovering after the period of uncertainty, when many people predicted cooling of the

Thu, 24 Oct 2013 12:47:04 GMT

French manufacturing activity falls despite positive outlook

Manufacturing activity in France, measured by the benchmark PMI Index, slumped to 49.4 points in October of the current year from 49.8 points a month earlier, while analysts expected the index to rise to 50.1 points. The reading over 50 points would indicate the increase in business activity. At the same time, activity in services sector continued to advance, as

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