Has the CDN dollar been affecting you?
Oct 25, 2004 | 6:35 pm
#106
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Originally Posted by Stranger
Actually, the CDN dollar going up does help containing inflation. So in some ways, letting the dollar go up requires less of an increase in interest rates. It's the so-called virtuous cycle situation.
Anyway, at the end of the day, what's wrong with the dollar going up, if the economy continues growing? (If it does not, then there is no need to raise interest rates?) Given the surpluses, federal and in foreign trade, the CAD should have gone up a while back, actually.
Anyway, at the end of the day, what's wrong with the dollar going up, if the economy continues growing? (If it does not, then there is no need to raise interest rates?) Given the surpluses, federal and in foreign trade, the CAD should have gone up a while back, actually.
The dollar should have gone up long ago as economists have been saying for some time now that par value between the two currencies is around .85 cents CDN. Whiole we continue to gain against the US $ we are not gaining ground against the Euro. Having just been there the 1.57 exchange makes it pretty pricey in already expensive environment.
Nov 3, 2004 | 2:13 pm
#108
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Originally Posted by parnel
The dollar should have gone up long ago as economists have been saying for some time now that par value between the two currencies is around .85 cents CDN. Whiole we continue to gain against the US $ we are not gaining ground against the Euro. Having just been there the 1.57 exchange makes it pretty pricey in already expensive environment.
Nov 3, 2004 | 2:40 pm
#109
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Originally Posted by YOWkid
And we're doing so well against the GBP right now that I'm a bit disgusted (only because I'm waiting for it to go back up to 2.5 to cash out, otherwise, I lose out big time).
Wth, take the small loss and put your money into Zlotys;your GF will appreciate you more.
Nov 3, 2004 | 3:38 pm
#110
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Originally Posted by parnel
Wth, take the small loss and put your money into Zlotys;your GF will appreciate you more.
Nov 5, 2004 | 9:17 am
#111
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More interesting news as the lonie hits 82 cents
Not too long ago, investors would have flocked to the USD as a safe haven in times of trouble. These days, they're bailing out of USD.
Extracted from today's FT
What's more interesting is the belief that GWB will just keep spending and foreign investors are not willing to blindly fund the U.S. deficit(s) anymore.
Extracted from today's FT
Middle Eastern investors, including central banks, have been active in the market selling dollars over the past two days, according to traders. There has been speculation for some time that investors in the region would seek to diversify their largely dollar-based wealth as the greenback weakened.
People are not just looking at simply the next few months for the dollar, they're looking more broadly at a decline over the next few years, said Tony Norfield, global head of currency strategy at ABN Amro.
The greenback's weakness was also attributed to the re-election of President George W. Bush. Since the start of Mr Bush's first term the dollar has fallen 20.8 per cent in trade-weighted terms and observers do not expect a change in dollar policy in his second term.
Dollar sentiment is dire at the moment, said Derek Halpenny, senior currency economist at Bank of Tokyo-Mitsubishi. Bush has been given an extremely strong mandate and that raises doubts about his commitment to reduce the budget deficit by half over a five-year period.
People are not just looking at simply the next few months for the dollar, they're looking more broadly at a decline over the next few years, said Tony Norfield, global head of currency strategy at ABN Amro.
The greenback's weakness was also attributed to the re-election of President George W. Bush. Since the start of Mr Bush's first term the dollar has fallen 20.8 per cent in trade-weighted terms and observers do not expect a change in dollar policy in his second term.
Dollar sentiment is dire at the moment, said Derek Halpenny, senior currency economist at Bank of Tokyo-Mitsubishi. Bush has been given an extremely strong mandate and that raises doubts about his commitment to reduce the budget deficit by half over a five-year period.
Dec 2, 2004 | 6:46 am
#113
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.
This is fun!
This is fun!
Dec 9, 2004 | 7:41 am
#116
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Originally Posted by Blain
I was thinking the same thing Luubert! 
Ah well... I had planned the vacation at 0.75 so I guess I have a bit of space left to go before it starts cramping the budget!
B
Ah well... I had planned the vacation at 0.75 so I guess I have a bit of space left to go before it starts cramping the budget!
B
buy your US dollars now...............while they're hot
Dec 9, 2004 | 7:57 am
#117
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Originally Posted by parnel
buy your US dollars now...............while they're hot
Case in point, moderate to low DOW gains that is not keeping up the fall in the USD... move US positions to CDN positions... DOW starts posting gains all over the place, US dollar strengthens... Had I told you guys I was doing that, you could have all made a fortune.
B
Dec 9, 2004 | 11:53 am
#118
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Originally Posted by parnel
buy your US dollars now...............while they're hot
Sep 23, 2005 | 12:24 am
#119
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Thought I'd revisit this thread now the loonie on a upward trend.
http://www.bloomberg.com/apps/news?p...Y&refer=canada
The currency has gained 2.9 percent against its U.S. counterpart this year, 12 percent versus the euro and 10 percent against the yen. Shenfeld forecasts the currency will strengthen to 88.5 U.S. cents, or C$1.13, before year-end. About a month ago, when the currency was trading C$1.2183, he correctly predicted it would gain to C$1.18.
So, has the stronger dollar affect many here? And how much has the loonies rise offset the rise in oil prices?
http://www.bloomberg.com/apps/news?p...Y&refer=canada
The currency has gained 2.9 percent against its U.S. counterpart this year, 12 percent versus the euro and 10 percent against the yen. Shenfeld forecasts the currency will strengthen to 88.5 U.S. cents, or C$1.13, before year-end. About a month ago, when the currency was trading C$1.2183, he correctly predicted it would gain to C$1.18.
So, has the stronger dollar affect many here? And how much has the loonies rise offset the rise in oil prices?