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Old 06-02-2009, 06:37 PM   #1
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Dollar crashing again

?1 = $1,42

so are we again going to ?1 = $1,60 like last summer?
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Old 06-02-2009, 06:41 PM   #2
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1 USD = $1.0835 CAD right now.

That's bad. Was kind of enjoying the $1.20-ish xchange rate we'd been seeing for a while.
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Old 06-02-2009, 06:57 PM   #3
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Yep this is sucking bad
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Old 06-02-2009, 06:58 PM   #4
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You cant buy your own debt and expect your currency to survive
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Old 06-02-2009, 06:59 PM   #5
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Originally Posted by CDSmith View Post
1 USD = $1.0835 CAD right now.

That's bad. Was kind of enjoying the $1.20-ish xchange rate we'd been seeing for a while.
Did you get that rate from your bank or the net???

If it's bank please tell me who you are dealing with...

I got 1.05 today with CIBC.....
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Old 06-02-2009, 07:01 PM   #6
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Yup $AU has gone from 0.63 to almost 0.83 today in about a month. The hits just keep on coming.
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Old 06-02-2009, 07:09 PM   #7
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Yeah, it's sinking against the local currency here as well. Sheesh.
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Old 06-02-2009, 07:13 PM   #8
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Yup $AU has gone from 0.63 to almost 0.83 today in about a month. The hits just keep on coming.
I have bad memories of when it got to something like $0.98 recently...
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Old 06-02-2009, 07:15 PM   #9
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Usually, when oil starts rising, the dollar starts crashing.

This is one of the reasons the Russians are amenable to a new global currency standard.
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Old 06-02-2009, 07:39 PM   #10
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I have bad memories of when it got to something like $0.98 recently...
Analysts predict the dollar will be past parity by the middle of next year, $1.12 or so. I'm fucking not looking forward to that happening.

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Old 06-02-2009, 07:46 PM   #11
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Did you get that rate from your bank or the net???

If it's bank please tell me who you are dealing with...

I got 1.05 today with CIBC.....
That's the going "buy" rate, so yes, the best you'd get at a bank for selling USD is maybe $1.06 if you're lucky.

I'll be holding onto the funds in my US account until the rate improves.
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Old 06-02-2009, 08:03 PM   #12
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Yeah, it's sinking against the local currency here as well. Sheesh.
indeed - wondering if i should cash out 5 figures today and pit against it going to 44. i have a feeling PH currency is going to nosedive soon though.

all kinds of IMF talk against the appreciation + Banco Central worried PH will lose alot of export with too much currency appreciation
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Old 06-02-2009, 08:09 PM   #13
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Did you get that rate from your bank or the net???

If it's bank please tell me who you are dealing with...

I got 1.05 today with CIBC.....

What time you did it? Got 1.0629 with cibc foreign exchange service. If you trade more than 100k a year you should register to it. They give slight better exchange than at your branch.

http://www.fxdealing.cibc.com
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Old 06-02-2009, 08:43 PM   #14
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Yup $AU has gone from 0.63 to almost 0.83 today in about a month. The hits just keep on coming.
Too right, the recent 0.63 days had me grinning from ear to ear, it was just like years gone by.
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Old 06-02-2009, 10:47 PM   #15
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Yea it sucks.. sigh eventually it'll hit back to par
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Old 06-03-2009, 01:12 AM   #16
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that sucks
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Old 06-03-2009, 01:14 AM   #17
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I just hope it doesn't fall as low as last time.
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Old 06-03-2009, 02:21 AM   #18
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I just hope it doesn't fall as low as last time.
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Old 06-03-2009, 02:25 AM   #19
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par against eur within 2-3 years...
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Old 06-03-2009, 04:28 AM   #20
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par against eur within 2-3 years...
I think this is impossible!!!
But I hope you are right!!!
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Old 06-03-2009, 04:32 AM   #21
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stupid dollar
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Old 06-03-2009, 04:37 AM   #22
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That is some bad news for all of us.Hope USD will move up
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Old 06-03-2009, 04:53 AM   #23
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You cant buy your own debt and expect your currency to survive
Absolutely brilliant comment right there.

We can hope all we want, cross our fingers and pray to whatever deity one might choose, but as long as the USA continues to buy up treasuries and prints more dollars; the dollar is doomed. I also wouldn't be surprised if one of the major debates of the next presidential election is supporting China and Russia's currency basket proposals.
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Old 06-03-2009, 05:13 AM   #24
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Crashing against the british pound as well. I was enjoying the 1.4 rate in Feb and March. April went to 1.5 but still amazing. Looking like its gonna hit 1.7 in the next week or 2 and before I know it we'll be right back at $2 to £1. Fucking sucks.
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Old 06-03-2009, 05:40 AM   #25
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You cant buy your own debt and expect your currency to survive
Bingo.

The USA just printing billions of dollars and now people are wondering why the dollar is starting to slide. Well, surprise.

The worst has yet to come boys, this global mess is just starting.
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Old 06-03-2009, 06:15 AM   #26
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They say it will hit parity again by the end of this year!
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Old 06-03-2009, 06:18 AM   #27
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Bad news. tsk tsk
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Old 06-03-2009, 06:25 AM   #28
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Yep, it sucks alright.

When the USD > AUD is low (around .065) it's hard to make coin but when you do it's worth it. But when it's (.085+) it's easy to make coin but less money per dollar.

The entire system sucks, but this is what we did to ourselves.
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Old 06-03-2009, 08:05 AM   #29
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To make things worse because oil is priced in $USD the more the dollar slides the higher the price of oil goes.

Once this ball is rolling, when the price of oil goes up, the $CND goes up.
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Old 06-03-2009, 08:14 AM   #30
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this really sucks
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Old 06-03-2009, 10:07 AM   #31
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1:13.35 again here.. If it hits 14.50 or so Im grabbing at least 5k to sit on
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Old 06-03-2009, 10:22 AM   #32
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Funny,i wanted open long thread about it too and today finally is starting to recover.
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Old 06-03-2009, 10:25 AM   #33
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Fuck that 1.20 was nice. 1.05 here now what a pain in the ass
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Old 06-03-2009, 03:03 PM   #34
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I'll be holding onto the funds in my US account until the rate improves.

yeah... that's the same thing you said when the rate was 1.45

Last edited by Monk; 06-03-2009 at 03:05 PM..
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Old 06-03-2009, 03:11 PM   #35
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Mr. Romance Economics 101


Rising Oil Prices = Weaker Dollar

Declining Oil Prices = Stronger Dollar

You can check your oil prices at http://www.oil-price.net

And you can check your currency fluctuation at www.xe.com

Class Dismissed.

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Old 06-03-2009, 03:15 PM   #36
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Mr. Romance Economics 101


Rising Oil Prices = Weaker Dollar

Declining Oil Prices = Stronger Dollar

You can check your oil prices at http://www.oil-price.net

And you can check your currency fluctuation at www.xe.com

Class Dismissed.

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Gas price are a good indication, its up to $3.00 a gallon for regular here in Del Mar CA !!!
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Old 06-03-2009, 03:23 PM   #37
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I hope it's just fluctuations and that it'll come back to 1.3 soon.
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Old 06-03-2009, 03:27 PM   #38
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That's fucked up.
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Old 06-03-2009, 03:30 PM   #39
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Did you get that rate from your bank or the net???

If it's bank please tell me who you are dealing with...

I got 1.05 today with CIBC.....
Bank with TD. They have the best rates when transfering US cash to CND online.
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Old 06-03-2009, 03:38 PM   #40
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Bingo.

The USA just printing billions of dollars and now people are wondering why the dollar is starting to slide. Well, surprise.

The worst has yet to come boys, this global mess is just starting.
Billions is an understatement.

There is an alphabet soup of bailout programs some public some cloaked in FED secrecy that is amounting to trillions.
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Old 06-03-2009, 03:40 PM   #41
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Time to start pushing CLUBSEVENTEEN and get paid in EUROS!
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