Oh my god. Is the US:Canadian exchange rate going to continue going downhill??
 

Fucking unreal...
1.0324 now.. should I be transferring my funds ASAP to Canadian dollars?

tell me about it....i was in Europe 2 weeks ago and the dollar was shit...

Yes it will continue to go down :(

In a word YES!

fucking hell i hate Bush

Yup it'll keep going down, wouldn't surprise me to see some govt intervention in the near future though it won't stop the trend for hopefully (I'm short USDCAD) quite some time.

As much as I dislike Bush, sadly I don't think this is all his fault... it's more the society as a whole.

:error:error:error

The Government intervention is what has been causing it for the most part.

that is not the government intervention I was referring to.

Are you hoping for the sniper kind, or maybe umm the putin problem people style of involvement?

More the concerted effort to boost the currency by very large scale buying, normally done in association with other countries central banks. Get it near trendline support then give it a VERY big shove to try to create a reversal.

most likely yes, nothing drastic though

1 U.S. dollar = 0.971 :banana


i love Bush, I love war :upsidedow

How is it not his fault? he insists on continueing his war, which is costing lots of money. They have to print more money, thus making the US dollar drop like a rock. On top of that, people are dumping US funds because of the drop, furthering the issue. This is analing people like me, who get paid mostly in USD but live abroad :(

UK pounds even better ..
1 GBP = 2.03329 USD

Yay the canadian dollar dropped a cent and a half today! YAY!

Fuck! Ass!

Yup it's not going to get any better soon.

Yeah, Canadian dollar dropped a little today.

I hope it keeps going

stock up on water, canned foods, and ammo, the reckoning is coming.

after California burns down it will be worse

that sucks!

:banana:banana:banana:banana:banana:banana:banana: banana

big drop today...bank of canada says the rise in the dollar has been "abnormal" and not supported buy financial data. Biggest one day drop since 2005, lets hope this keeps up. Still above par though, especially after the bank rips you off

I live overseas as well... aussie dollar has gone from 0.55 some years ago to around 0.9 :(

I said ALL his fault... I'm sure a massive part of it is his fault, though American consumers (and a heap of bankers etc.) are also to blame.

the canadian dollar should drop shortly.. at the moment it looks like it's a 'type two' type of trade, and the BOC will probably step in

There is one one way for the dollar - downwards, and hardly a surprise when you look at fantasy accounts.

If you think that is bad - ya ain't see nothing yet....

Sure, the admin are responsible to a degree (ie in that they are totally incompetent and clueless), but there are many other factors as well and, with our without a "war", it's only a matter of time before shit hits. The country is unsustainable and can't generate "wealth" and have been supported by loans for years while living off a fantasy national credit card.

It's easy to say, and harder to do, but US industry needs a more solid core base and severely needs to compete internationally. But again... that costs plenty money which does not exist (more loans??). There are many aspects similar to "industry" and they all contribute to the core unsustainable element and this has never been a concern of govt for decades - all fantasy.

These days I'm exchanging on the fly.

Yeah, the 2 billion dollars per week war, printing unbacked money and borrowing funds from China, Japan, Mexico and more has nothing to do with it. :thumbsup

That $2 bill/week war seems to be just grain of sand in relation to other other borrowings...

Example... the borrowings from the Central Bank of China alone are $3-4 billion/day and a further $9-12 billion/day from other nations. (These are very "average" borrowings and can be a few billion either way).

So.. in a week, at a modest calculation, the loans are approx $60-70billion and little clue to repay but just cover the interest costs?? The "war" seems to fade into insignificance in relation to the overall problem.

Maybe there is an economic problem or the calculator is bust?? :pimp I'd gamble all assets on the first possibility with 100% certainty.