Archive for September 2nd, 2014

Larry's Blog

To Whom it May Concern

September 2, 2014

Currency Thoughts attracts a steady stream of propositions, most lacking one key element which is a stated fixed money sum that will be paid to the business, Currency Thoughts, if the request is accepted.  Some people propose partnerships.  Others seek to advertise.  Various affiliate programs promise to grow traffic on Currency Thoughts.  Some of the […] More

Central Bank Watch

Reserve Bank of Australia Board Keeps Status Quo

September 2, 2014

Australia kicked off this week’s parade of central bank meetings with the widely predicted decision of retaining a record low 2.5% Official Cash Rate and signaling that this level likely will continue for a period of time.  A statement of explanation reiterates that monetary policy is accommodative yet appropriate “to foster sustainable growth in demand […] More

Deeper Analysis

Widely Divergent U.S. and Euroland Manufacturing Conditions

September 2, 2014

Euroland’s manufacturing purchasing managers index fell 1.1 points in August to a 13-month low of 50.7.  The U.S. factory PMI, in contrast, jumped 1.9 points to a 41-month high of 59.0.  Both results were over 50.0, connoting expanding activity.  However, while the euro area expansion has a very weak pulse, U.S. manufacturing has picked up […] More

New Overnight Developments Abroad - Daily Update

Dollar Uptrend Extended after U.S. Labor Day Weekend

September 2, 2014

The dollar rose to a 1-year high of $1.3110 and a 7-month high of JPY 105.03.  From Monday closing levels, the dollar currently shows gains of 0.6% against the yen and kiwi, 0.5% relative to the Australian dollar and sterling, 0.4% versus the loonie, and 0.1% vis-a-vis the euro and Swiss franc.  The yuan is […] More