Cdn Dollar gets pounded
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Cdn Dollar gets pounded  This thread currently has 379 views. Print
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SquidVicious
January 20, 2010, 9:42am Report to Moderator

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Dollar has swung about 2.5+ cents in the last 24 hrs


Centigrade 37 ... LOTR in da House ... a Barracora  ....... Spidey ... RFM
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machine.slave
January 20, 2010, 9:45am Report to Moderator

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Bah!  The day is young...

I wish it were back down to $0.85-ish.. my profits were quite nice back then.  


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HP5P
January 20, 2010, 10:13am Report to Moderator

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Just follow the bouncing ball, no one knows where it will go. One day it is parity, the next it drops.


It has been scientifically proven that light is faster than sound. That is why some people seem brilliant........until they open their mouth!






         
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cooke
January 20, 2010, 10:15am Report to Moderator

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Quoted from HP5P
Just follow the bouncing ball, no one knows where it will go. One day it is parity, the next it drops.


In an export-heavy economy like ours, a high dollar is bad for business. The dollar has been too high for a long time. I don't want a 65 cent dollar like we did 8 or 9 years ago, but pushing parity is just silly.
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hardkor
January 20, 2010, 10:32am Report to Moderator
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before the dollar drops( which it will) make sure all your savings are in u.s.a funds its called free money
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Sparky
January 20, 2010, 11:40am Report to Moderator

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Tell me about it... last week, I deposited a US cheque and ended up getting LESS than par. I thought it was funny...


Retiring soon...
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wbradley
January 20, 2010, 11:45am Report to Moderator

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My broker (sister) suggested I buy some US$ late last week.  Stupid me I was waiting for it to drop further.

She says experts believe the US dollar is oversold now, which means it is expected to rise.


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SquidVicious
January 20, 2010, 11:52am Report to Moderator

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Quoted from wbradley
My broker (sister) suggested I buy some US$ late last week.  Stupid me I was waiting for it to drop further.

She says experts believe the US dollar is oversold now, which means it is expected to rise.


Partially true ... the Republicans gaining the seat yesterday is also a big factor as it will probably change the health care deal ... the change over last week is only about .01 .. it was on Monday and Tuesday that the dollar started to approach 1.02 (didn't get under it but got close) ... currently at 1.0482 (but that is mid and few folks have access to that ... )


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gmaranda
January 20, 2010, 11:57am Report to Moderator

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Quoted from wbradley

She says experts believe the US dollar is oversold now, which means it is expected to rise.


Always a funny thing that the word "experts" is usually followed by "believe" and not "confirm".  I too am an expert at telling others what to do if there are no consequences to me!!!  If this were that easy my bank account would be a lot bigger.

Remember that buying american $$$ is still speculation be ready to stomach the deal.  Remember in finance you eat well or you sleep well but you never get both.

Enjoy your new found fortune........but keep on playing
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machine.slave
January 20, 2010, 12:00pm Report to Moderator

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hind-sight is 20 / 20, as they say..  


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January 20, 2010, 12:04pm Report to Moderator

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January 20, 2010, 12:07pm Report to Moderator

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Bugger. I was planning on getting some USD last week for Allentown. Still 2.5 increase isn't that dramatic for the amount of money I'm thinking of taking out.

Duane
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