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Canadian dollar closes at below the USD Canadian dollar closes at below the USD
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Old 12-03-2007, 03:32 PM   #1
flashfire
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Canadian dollar closes at below the USD
Just barely but thank god its going the other way...where are all the people who were talking about the 70 cent USD like it was a sure thing
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Old 12-03-2007, 03:34 PM   #2
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I for one can say, "THANK GOD".. keep going USA dollar - Reach for that Rainbow !!!
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Old 12-03-2007, 03:35 PM   #3
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And I am super happy, today I got par at the bank (well as close as you can get), 0.9994 for my Forex. Wohoo
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Old 12-03-2007, 04:11 PM   #4
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don't count your chickens ....altho I'm happy!! I got screwed on a USD payment last week
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Old 12-03-2007, 04:15 PM   #5
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It could do anything, but I think we all hope the USD fires up soon...
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Old 12-03-2007, 04:19 PM   #6
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it's artificially being lowered - it will always be in Canada's interest to have a lower dollar than the US - they were caught off guard with the rapid runup and now they are sending it back down - anywhere from 80-90 cents is where it should be.
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Old 12-03-2007, 04:19 PM   #7
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By the way, bank of canada will be making announcement tomorrow on interest rates. If they cut the rate, expect the CDN dollar to get stronger again, otherwise it should stay the same. I'm not taking chances and converted a chunk of CDN at par.
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Old 12-03-2007, 05:17 PM   #8
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By the way, bank of canada will be making announcement tomorrow on interest rates. If they cut the rate, expect the CDN dollar to get stronger again, otherwise it should stay the same. I'm not taking chances and converted a chunk of CDN at par.
WG
when you cut interst rates it becomes weaker. Raise rates it becomes stronger;)
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Old 12-03-2007, 05:21 PM   #9
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when you cut interst rates it becomes weaker. Raise rates it becomes stronger;)
Correct...
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Old 12-03-2007, 05:24 PM   #10
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Shitty. I get a lot of biz from those crazy canadians. Its been like a gold rush for them lately.
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Old 12-03-2007, 07:27 PM   #11
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I only got .979 today.
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Old 12-03-2007, 07:29 PM   #12
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yessssssssssssss
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Old 12-03-2007, 07:32 PM   #13
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By the way, bank of canada will be making announcement tomorrow on interest rates. If they cut the rate, expect the CDN dollar to get stronger again, otherwise it should stay the same. I'm not taking chances and converted a chunk of CDN at par.
WG
I was just going to say that. /me fires up forex.
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Old 12-03-2007, 07:37 PM   #14
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I wish I had enough money just laying around to convert it for some reason...
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Old 12-03-2007, 07:37 PM   #15
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when you cut interst rates it becomes weaker. Raise rates it becomes stronger;)
Yes. Go long the USD/CAD tomorrow at 1:45 and wait for the news. Set your stops correctly in case they do raise or stay the same (unlikely but just in case)
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Old 12-03-2007, 09:33 PM   #16
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hiring models in canada when the USD was stronger was a nice perk...

one can only hope things spring back

(not quite as nice as the Russian and Asian chicks at $50/day lol, but when you figure in hotel and airfare, Canada was cheaper ;) LOL )
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Old 12-03-2007, 09:36 PM   #17
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Just barely but thank god its going the other way...where are all the people who were talking about the 70 cent USD like it was a sure thing
Canadian govm't wants to keep it at about .95. Good for both countries.
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Old 12-03-2007, 10:29 PM   #18
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when you cut interst rates it becomes weaker. Raise rates it becomes stronger;)
Your right, I got that backwards. Either way, I don't know what BoC will do so I just cashed out a bunch at par to be on the safe side.
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