USD$ goes shit... your bet from here.
 

Seems it just hit 1.10 agains can$ today ... lost 5% in one week.

What is your bet from here? Back up or more down?

jesus fuck

waaaay toooo fasssst

This is too funny. People who make decisions on their money from watching the market day to day will always lose their shirt. Guaranteed

I saw some analysts predicting it to lose a further 40-50% of it's current value...I hope they were sniffing glue.

It is totally rediculous ,
Total Nightmare I cannot believe this is happening ....
I knew i should have just cashed out the majority of my US
funds 2 weeks agao when it was 0.9825 for like 5 hrs on Monday
October 29th
Also luxury cars in the US are about 25-30% cheaper too ,
some dealers are not allowed to sell to Canada a well .

there is still time to dump USA dollars, while you can, dont wait until it will go up, you going to wait 50 years

I bet it's going at least 20% down until the end of next year.

You'll see the Bank of Canada drop rates to force the dollar lower if need be. The country depends far to much on exports, manufacturing and tourism to have the dollar this strong.

http://www.theglobeandmail.com/servl...Story/Business

i really hope it goes up

It will fall more and more this is just the beginning

I'm the same as you, I didn't cash my USD when the Dollar hit $2 to £1, I thought it was just temporary and it would come back under. How wrong was I!? I'm just using that money now to pay my business bills. No way in hell am I changing it to british pounds.

Ross ! OMG we have it bad but you guys have it 5x's worst
so i feel for yah :helpme

Bump ...

Bump ...

Bump against USD devaluation. It sucks. :(

This is a lot more than a day to day fluctuation... look at gold prices, historically a jump like this in gold generally gives a pretty clear indication of two things, a falling dollar and recession.

I'd like to see it get back up to at least par with the Canadian dollar, but I don't see that happening soon.

how low can you go! down down down

canadian companies need to start paying in CAD lol

Probably gonna have to wait till spring till it gets better.

There will be a correction, analysts were talking about it already. So you have to wait it out.

Many of us get checks in the EU or the UK on a daily basis -we are not talking investment strategy here.......

Daily movements can make a big difference to affiliates this side of the pond. Thats why you see so many posts about it on here. Most of us probably wouldnt notice or care otherwise.

INteresting stuff on The McLaughlin Group. NOT PROMISING! Most under reported story on the news.

This is what is creating the panic :

" Chinese officials signaled plans to diversify the nation's $1.43 trillion of foreign exchange reserves...T he dollar is ``losing its status as the world currency,'' Xu Jian, a central bank vice director, We will favor stronger currencies over weaker ones, and will readjust accordingly,''

... China is the second-largest holder of U.S. government debt after Japan"

Original Story here:

http://www.bloomberg.com/apps/news?p...h_s&refer=home

This is not good news for anybody, American or not :(

it is understood now that the downslide can speed up from here and the $ may lose another 10-25% value very rapidly
i say invest in gold guys
if dollar drops at least gold will be up

“The U.S dollar's global currency status is shaky and the creditworthiness of dollar assets is falling,” said Mr. Xu, who noted he was speaking in a personal capacity.

He said he expected the dollar to weaken further in 2008 under the impact of the gaping U.S. trade deficit. That could push the price of gold to $1,000 an ounce from a 28-year peak of $840 scaled on Wednesday, Mr. Xu said.

canada will have to cut rates if it continues...exports, tourism, and local retailers are suffering. Everyone around here is only shopping in the US

CND closed at 1.0775, getting stupid...up and down this much in one day