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
