pappajacks Posted November 4, 2004 Report Posted November 4, 2004 Horrible day on the markets for the US dollar yesterday and this morning. 1 euro is now worth 1.29 US, and the Canadian dollar continues to surge (now worth 83% of the US dollar). Traders expected a Bush reelection to have a negative impact on the US dollar. and so far they are right. How low can the dollar fall before we start doing something about it?
CanadianChris Posted November 4, 2004 Report Posted November 4, 2004 What makes you think Bush wants to do anything about it?
Red Baron Posted November 4, 2004 Report Posted November 4, 2004 Technically its cheaper for me to cross the border and get gas now. 2.19 a gallon is cheaper than 81.9 a litre, even with exchange.
CanadianChris Posted November 4, 2004 Report Posted November 4, 2004 Technically its cheaper for me to cross the border and get gas now. 2.19 a gallon is cheaper than 81.9 a litre, even with exchange. I'd do that myself -- gas is even cheaper where I cross, as there's a Mohawk reservation right there -- but I live too far from the border to make it worthwhile. Gas is down to about 65 cents a litre here as I speak, though.
Stephen Joseph Posted November 4, 2004 Report Posted November 4, 2004 Good. That means our goods will be cheaper to foreign nations, encouraging the exportation of our products, which then by necessity means our GDP and GNP goes up. Remember children, having a strong currency discourages other country's importation of your goods. Learn some economics!
kkktookmybabyaway Posted November 4, 2004 Report Posted November 4, 2004 *Shakes fist in the air* Damn you George W. Bush...
Red Baron Posted November 4, 2004 Report Posted November 4, 2004 Technically its cheaper for me to cross the border and get gas now. 2.19 a gallon is cheaper than 81.9 a litre, even with exchange. I'd do that myself -- gas is even cheaper where I cross, as there's a Mohawk reservation right there -- but I live too far from the border to make it worthwhile. Gas is down to about 65 cents a litre here as I speak, though. where do you live, and how come its so cheap?
CanadianChris Posted November 4, 2004 Report Posted November 4, 2004 Technically its cheaper for me to cross the border and get gas now. 2.19 a gallon is cheaper than 81.9 a litre, even with exchange. I'd do that myself -- gas is even cheaper where I cross, as there's a Mohawk reservation right there -- but I live too far from the border to make it worthwhile. Gas is down to about 65 cents a litre here as I speak, though. where do you live, and how come its so cheap? Ottawa...but I spoke too soon; it went up to 80 cents again just a little while ago.
MARTYEWR Posted November 4, 2004 Report Posted November 4, 2004 It's been in the 80 cents/litre range the last little while too.
CanadianChris Posted November 4, 2004 Report Posted November 4, 2004 You should tell that to the place I filled up at for 66 last night, then.
treble Posted November 4, 2004 Report Posted November 4, 2004 Yeah, my dad goes to Ottawa a lot for work and had mentioned a while back that gas was a lot cheaper there. Been around 82-83 for what seems like the longest time here.
pappajacks Posted December 3, 2004 Author Report Posted December 3, 2004 December 3rd Update: the euro dollar (and other currencies) continue to rise against the greenback. 1 euro is now worth $1.34 US.
Dr. Tyler; Captain America Posted December 3, 2004 Report Posted December 3, 2004 Good. That means our goods will be cheaper to foreign nations, encouraging the exportation of our products, which then by necessity means our GDP and GNP goes up. Remember children, having a strong currency discourages other country's importation of your goods. Learn some economics! It also discourages people from buying our T-bonds, which means we have to raise interest rates.
Big Ol' Smitty Posted December 3, 2004 Report Posted December 3, 2004 I've read that if the dollar continues to stay low our standard of living will probably go down.
The Mandarin Posted December 3, 2004 Report Posted December 3, 2004 Sweeeet. If the Canadian dollar hits 90%, that means it's time to do business with Zack Malibu.
Guest INXS Posted December 4, 2004 Report Posted December 4, 2004 BUT the American economy is on the UP! Bush said so!
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