GoFuckYourself.com - Adult Webmaster Forum - Canadian dollar closes at below the USD

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flashfire

12-03-2007 03:32 PM

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:1orglaugh

TheLegacy

12-03-2007 03:34 PM

I for one can say, "THANK GOD".. keep going USA dollar - Reach for that Rainbow !!!

WiredGuy

12-03-2007 03:35 PM

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
WG

Odie	12-03-2007 04:11 PM

don't count your chickens ....altho I'm happy!! I got screwed on a USD payment last week :(

spooky181

12-03-2007 04:15 PM

It could do anything, but I think we all hope the USD fires up soon...:winkwink:

Mutt	12-03-2007 04:19 PM

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.

WiredGuy

12-03-2007 04:19 PM

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

AllStar

12-03-2007 05:17 PM

Quote:

Originally Posted by WiredGuy (Post 13465520)

when you cut interst rates it becomes weaker. Raise rates it becomes stronger;)

spooky181

12-03-2007 05:21 PM

Quote:

Originally Posted by AllStar (Post 13465778)

when you cut interst rates it becomes weaker. Raise rates it becomes stronger;)

Correct...:winkwink:

BIGTYMER

12-03-2007 05:24 PM

Shitty. I get a lot of biz from those crazy canadians. Its been like a gold rush for them lately.

evildick

12-03-2007 07:27 PM

I only got .979 today.

:(

Shagbunny

12-03-2007 07:29 PM

yessssssssssssss

Geddy Lee

12-03-2007 07:32 PM

Quote:

Originally Posted by WiredGuy (Post 13465520)

I was just going to say that. /me fires up forex.

V_RocKs

12-03-2007 07:37 PM

I wish I had enough money just laying around to convert it for some reason...

Geddy Lee

12-03-2007 07:37 PM

Quote:

Originally Posted by AllStar (Post 13465778)

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)

Naughty-Pages

12-03-2007 09:33 PM

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 )

Phil	12-03-2007 09:36 PM

Quote:

Originally Posted by flashfire (Post 13465354)

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:1orglaugh

Canadian govm't wants to keep it at about .95. Good for both countries.

WiredGuy

12-03-2007 10:29 PM

Quote:

Originally Posted by AllStar (Post 13465778)

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.
WG

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