Quote:
Originally Posted by opendoor
I do get a kick out of people thinking they can reliably predict which way the currency is going to go. Do they honestly think that the market hasn't already priced in all that information already? The BoC having a lower terminal rate than the US Fed has been the market's expectation for months, so that's not new information.
If people truly think that the CAD is going to drop significantly, then short it and you make a lot of money if you're right.
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I have, every stock market crash/ real estate crash the only thing that goes up is the dxy. Even Gold silver and everything else tank.
Long term I see dxy possibly going up as high as 172.