The canadian dollar is lowering

[MetaMan]

keeps dropping, i am wondering if this will keep up.

i am getting around:
$1.00 USD = $0.98 CDN


is anyone cashing out or are you going to wait a few days to see if the rally continues?

[xmas13]

[sysk]

I get 0.96 right now...

[L-Pink]

Ron Weiner said SELL, when Ron talks people listen.

[MetaMan]

Originally Posted by xmas13

this is madness up and downs, we are talking about 5%+ up and down on any given 2 days.

[yahoo-xxx-girls.com]

One USD = 0.96276 Canadian ( http://www.xe.com/ )


USD-CAD rates:

1 USD (noon) = (13/11) 0.9643 ---- (14/11) 0.9607 CAD
1 USD (closing) = (13/11) 0.9591 ---- (14/11) 0.9664 CAD
1 CAD (noon) = (13/11) 1.0370 ---- (14/11) 1.0409 USD
1 CAD (closing) = (13/11) 1.0426 ---- (14/11) 1.0348 USD

Taken from: http://www.bankofcanada.ca/en/rates/exchange.html

Well a half of trillion dollars pumped into the US economy it would raise a bit!

The real question is how long will the USD hold before it drops big again.

.

[MetaMan]

Originally Posted by Balalsubturfyooj

One USD = 0.96276 Canadian ( http://www.xe.com/ )


USD-CAD rates:

1 USD (noon) = (13/11) 0.9643 ---- (14/11) 0.9607 CAD
1 USD (closing) = (13/11) 0.9591 ---- (14/11) 0.9664 CAD
1 CAD (noon) = (13/11) 1.0370 ---- (14/11) 1.0409 USD
1 CAD (closing) = (13/11) 1.0426 ---- (14/11) 1.0348 USD

Taken from: http://www.bankofcanada.ca/en/rates/exchange.html

Well a half of trillion dollars pumped into the US economy it would raise a bit!

The real question is how long will the USD hold before it drops big again.

.

from what i understand it is due to the canadian dollar DROP and not an american GAIN.

[yahoo-xxx-girls.com]

Hmmm... I'll check it out now... I do think you are wrong however.

[Casa Nova]

I love Ron wiener he hooks me up with good stock tips. sell sell sell.

[yahoo-xxx-girls.com]

Yea I just check out what you are saying and you seem to be correct kind of, however it is because of the instabilities in the world reserves.

"Other governments are considerably less sanguine about this turn of events. European manufacturers complain loudly about U.S. attempts to devalue their way into renewed competitiveness. In a speech to Congress, French President Nicolas Sarkozy said the U.S. readiness to let the dollar fall risked competitive devaluations and "economic war."

There is another concern, one that looks increasingly plausible as the dollar readjusts. The U.S. dollar is not merely a medium of exchange for Americans. It is the world's reserve currency. The readiness to hold dollars is a vote of confidence in the stability of the currency.

There is fear that those investors will worry that they risk huge loses by holding dollars that will one day be devalued and they will start divesting their dollar holdings, an act that could be both an act of economic war and a self-fulfilling prophecy."

"Treasury Secretary Henry Paulson explained that "The dollar has been the world's reserve currency since World War II and there is a reason. We are the biggest economy in the world. We are as open as any economy to investment."

There is another reason for the dollar's status. There is a lack of alternative safe havens in the global economy. The euro is not yet such an option, but it could become one. Or, Asian investors could decide that their money is better invested at home or used to support domestic demand than given to Americans to encourage their profligacy. The U.S. can counter those tendencies by managing its economy better -- and doing more to contribute to global economic stability."

Taken from: http://news.tradingcharts.com/future...100764738.html & http://news.tradingcharts.com/future...100755723.html

.

[GreyWolf]

Originally Posted by MetaMan

from what i understand it is due to the canadian dollar DROP and not an american GAIN.

Yep... a few currencies dipped over the last 24 hours. Sure is not a dollar gain - there is no evidence to support this, just plenty evidence of more dollar problems to come yet.

1 USD in USD
Australian Dollar 1.11086 0.900203
Brazilian Real 1.7335 0.576868
British Pound 0.485767 2.0586
Canadian Dollar 0.9608 1.0408
Danish Krone 5.0793 0.196878
Euro 0.681663 1.467

[yahoo-xxx-girls.com]

It seems to me GreyWolf, that foreign investors are looking for a stable investment and it does not surprise me seeing how the whole world seeks security in their investments to have a depreciation of their main asset. If the world changes it policies and does not use the USD as its main source then I can see the US having real problems to it's investors in the very near future.

.

[Shagbunny]

go dollar go!