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Re: Will the CAD continue to fall?

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...


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