The sinking U.S. dollar

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Does anybody see the low U.S. dollar becoming a real problem. When will it get to the point where something will have to be done to lift the dollar?

Nope. It's cyclical. What goes up must come down and vice versa.

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I think not. There's no sign of cyclic behavior in the Zimbabwe dollar, for example.

The $US will stay down as long as we insist on spending more than we have, and the Republicans are the worst offenders.

fixed it for ya

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It's doing greathttp://www.iht.com/...print.php?id=7720834

A little disturbing, but that is telling the results of our dollar being so low. Is there anything that can be done to bring it up?

Vote Democrat.

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Actually the Canadian Dollar is now worth slightly more than the US dollar.....loving it.

CADUSD=X 1 Oct 5 1.0186 1.0186 1.0186 1.0190

Uh, no. It's 1CD = 1.09 USD

When Clinton left office it was 1USD = 1.55CD

http://www.oanda.com/convert/classic

Shitstain will at least cut the value of the USD in half as compared to the CD by the time he leaves, maybe more. Thx all who voted for shitstain.

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"But why European, Asian and Canadian companies buying US stock at a record pace?

In Reply To
Whether it will continue to do so is anyones guess.
True. But the fact that foreign companies are loading up at a record pace is indicative of their sentiment, don't you think? "

This is what we call cherry picking data. Lets assume that your assuption is correct. Its one of many bits of data. Some people are buying US assets (for exaple the foreign companies you cite loading up at a record pace) but others are selling Us assets. What matters is not whether there are some who are motivated to buy and others to sell, but is the net selling pressure greater than the net buying pressure. If the net selling pressure is greater then the price will go down and that is exactly what it has done. You ability to find some buyers out of a wave of sellers is utterly irrelevant.

Have you been paying attention to the US stock markets, lately?

And have you seen junior's grades?

[NCclimber 0]

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Actually the Canadian Dollar is now worth slightly more than the US dollar.....loving it.

CADUSD=X 1 Oct 5 1.0186 1.0186 1.0186 1.0190

Uh, no. It's 1CD = 1.09 USD.

Dude

You're just looking too hard for anything to complain about. Skydekker's exchange rate (a simple statement of fact) was correct when he posted it.

This is pretty funny considering the exchange rate was not 1CD = 1.09 USD when you said it was.

[SkyDekker 1,465]

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Dude

You're just looking too hard for anything to complain about. Skydekker's exchange rate (a simple statement of fact) was correct when he posted it

Thanks.

Dollar broke $1.10 briefly yesterday, but is back "down" to around $1.07 this morning.

Two big issues at play. Rise in commodity pricing (canada is commodity rich). But, the rise in the loonie is also due in large part to the falling of the greenback.

Yesterday the greenback fell because China made an announcement that they may sell off a part of the $1.4 trillion USD they hold in reserve and buy Euro dollars.

China seems to be playing the currency markets and they appear to be extremely good at it. The european union is now the largest trading partner, yes larger than the US. By forcing the Euro up, it allows China to move the yuan up against the dollar and down against the Euro.

This would be an enormoud benefit for them, since it greatly improves their competitiveness in their largest and fastest growing export market.....Europe.

It is scary how the rest of teh world is pretty much helpless in stopping any of this. Though a low yuang will eventually pose a severe risk to China due to higher costs for imports of oil and food....it is not all rosey for China, but they are master manipulators of a capitalist market. (which in itself is interesting since it is a communist country)