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

Bah!  The day is young...

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

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

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.

before the dollar drops( which it will) make sure all your savings are in u.s.a funds its called free money

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

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.

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 ... )

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

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

FAAAAWK

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

Quoted from TwilightZone

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

Wait, I'm confused, why is this bad?

I mean from a consumer point of view this is good, I just bought $100 in parts from pinball life.  Assuming I got the current exchange rate (which I won't cause banks and CC companies tack on service charges) my order would cost $99.99 CAD.  That seems like a good thing from my side of the view as the consumer.  

Quoted from Vengeance

Wait, I'm confused, why is this bad?

I mean from a consumer point of view this is good, I just bought $100 in parts from pinball life.  Assuming I got the current exchange rate (which I won't cause banks and CC companies tack on service charges) my order would cost $99.99 CAD.  That seems like a good thing from my side of the view as the consumer.  

Wrong way ... If it cost you $100 before now it would cost you $102 or $103

Quoted from SquidVicious

Wrong way ... If it cost you $100 before now it would cost you $102 or $103

Ah, explains why I'm confused, I thought it was the CAD that gained the +2.5 not the other way around.  

Strange basically all english currencies verus the USD any gotten hit as have the  EUR and CHF but for whatever reason the Mexican Peso is basically unchanged as is the Yen

   I was sitting on a chunk of USD and waiting for a day like this. Just got back from the bank!  Trouble was  the day I began this waiting game the CDN dollar was worth less than it is now even after the fall, so I'd have been better to exchange it that day! You really never know where this will swing. Its pure gambling really.

Ya, if it's so obvious that the US dollar will dive, then why hasn't it dived already? Its current value is just based on perception anyways. If it's so easy to predict currencies/stocks/interest rates etc then why are the experts being paid for their advice? Why don't they just invest and retire as millionaires?

Quoted from jonny_eh

Ya, if it's so obvious that the US dollar will dive, then why hasn't it dived already? Its current value is just based on perception anyways. If it's so easy to predict currencies/stocks/interest rates etc then why are the experts being paid for their advice? Why don't they just invest and retire as millionaires?

Haven't you realized it yet Johnny, this is the internet, no one actually has to have any real proof for anything they say

Quoted from Vengeance

Haven't you realized it yet Johnny, this is the internet, no one actually has to have any real proof for anything they say

Isn't that what Wikipedia is for?