Quote:
Originally posted by FlyingIguana
i wouldn't count on it. unless things really pick up, i don't see the dollar moving up until next year. it was due for a fall.
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Yup, the US intrest rates are low, the stock market isn't doing that well, so people pull their money out of the USD... put it back in their local or other world funds (Euro) and the USD moves down. The bush admin, isn't worried, and have decided they won't be pursuing a strong dollar possition any time soon... on the one hand it should help US tourisim, as people from other countries that don't make US dollars can affoard to visit the US for the first time in 5 years or whatever.
I just wished I had of transfered all my USD into CDN a couple months back, I can sit on some income for a while, but not all. Its not a big deal, but it sucks when you loose that 20 - 30 % free money that you make on the exchange.
If it picks up towards the rest of the year however and the year end exchange is higher then what you convert your $$$ at right now, in Canada at least you can declare a loss on your currency exchange and stick it to the gov't...
Helps a bit, but I'd prefer the us dollar gains a bit, or at least stops falling.
Buffet's tax plan is way smarter than GW's, and would actually help the economy. He is rich for a reason I guess....
