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View Full Version : Canuck dollar kicking ass.


Thexder 3D
09-30-2004, 10:28 PM
http://www.canada.com/national/nationalpost/news/story.html?id=7a2f8ed5-b1cc-4f39-9419-aeab898d0491

Enkidu
09-30-2004, 11:32 PM
http://finance.yahoo.com/currency/convert?from=CAD&to=USD&amt=1&t=3m

This weekend the G7 is supposed to suggest that the US Dollar be devalued by 20%. That won't happen, but I suspect tomorrow the dollar will move a sizable chunk in anticipation of the meeting. Oddly, it may move up. The FOREX is as close to a pure lunatic asylum as exists.

Enkidu

Malleus
10-01-2004, 03:32 AM
The US dollar is currently being propped up by Asian economies. Eventually they'll float their currency, drop the dollar and switch to something else. The dollar is fast becoming a real loser in the international money markets, and it's really going to hurt when the coming crash happens.