Quote:
Originally Posted by Claeren
I don't see the Canadian dollar getting stronger, but will the American dollar get weaker??
It is not like the Canadian dollar is about to drop 20c either....
Claeren.
|
I think that if you look at the Canadian buck you will see that it is the poor performance of the American buck that has caused the gains, not the positive performance of the Canadian buck itself. The US buck will rebound and reverse the slide it took against other currencies, and when it does, the Canadian buck will tumble. Take a look at the charts of the performance of the two currencies versus others. In 2003, the American buck was worth close to $1.07 in Euro dollars, and now it's worth 70 cents. Conversely, in 2003 the Canadian buck was worth ~67 cents in Euro dollars, and today its worth ~70 cents. The gains are because of the poor performance of the US buck. When it rebounds against the Euro, the Canadian buck will slide backwards again.