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Old Oct 10, 2008 | 2:49 pm
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YVR Cockroach
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Originally Posted by Gaucho100K
Its not only the closing of financial positions... there has been plenty of retail demand for USD over the past 2-3 weeks... you can see the lines outside banks and exchange bureaus all over the city.
Classic safe haven belief behaviour?

FWIW, some other commodity-exporting currencies have really suffered. The CAD was selling for as high as USD 0.97 early last week before dropping to 0.83 today. AUD was as close as 1.03 per CAD 2 months ago and has dropped to 1.32 (or USD 0.63).
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