Jack Lott's Blog – January 2009 Archive (21)

The U.S. dollar started 2009 a little higher, rising after a report showed manufacturing in Europe slowed. The euro fell 0.8% to $1.3897. The dollar index which tracks the currency against a basket of several counterparts, gained 0.4% to 81.64. The purchasing managers' index showed manufacturing activity in the euro zone fell for a seventh month, to 33.9 in December from 35.6 in November.



The ISM index, a key manufacturing gauge, stood at 32.4% in December, showing the sector's fifth… Continue