Posted by caraher on October 24, 2008, at 9:03:37
In reply to Re: Will the CAD continue to fall?, posted by Sigismund on October 23, 2008, at 23:41:50
It looks like the US dollar is recovering relative to most "western" currencies. (Graph the past 120 days for the Euro, Canadian dollar, etc. - they all look about the same: http://www.x-rates.com/d/CAD/USD/graph120.html)
My wild guess is that the credit crunch makes US dollars hard to come by, so their value has increased relative to other currencies. But I'm no economist.
Here's a forecast: http://www.forecasts.org/exchange-rate/canada-dollar-exchange-rate.htm
No idea how much faith to put in it...
poster:caraher
thread:859026
URL: http://www.dr-bob.org/babble/social/20080929/msgs/859070.html