Quote:
Originally posted by CDSmith
Interesting that the very thing I predicted and talked about in this thread:
http://board.gofuckyourself.com/show...e+AND+Canadian
Is now coming to pass.
Also interesting to go back and read the posts of those who chose to fucking argue with me about it.
Anyone who listened to me back then, who kept some funds in their US account, will be very happy that they waited to exchange their US money. Last week my bank was paying $1.32 Cdn on the US dollar. Today they are paying $1.39, hopefully on one of these upswings the value will rise back into the $1.45 range (and settle there).
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again its luck, without sars and mad cow growth numbers would not have been revised leading to all this. we won't see the dollar drop to where it was before unless there are some big changes, the greenback was overvalued.
rates should drop more before the year is out and that could push the dollar up to the 1.45 range. but if the american economy doesn't show improvement it may not. i would be shocked if we got back to the 1.5+ range we were at.