US dollar continues to get destroyed in the

[pappajacks 0]

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 0]

What makes you think Bush wants to do anything about it?

[Red Baron 0]

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 0]

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 0]

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 0]

*Shakes fist in the air*

 

Damn you George W. Bush...

[Red Baron 0]

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 0]

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 0]

It's been in the 80 cents/litre range the last little while too.

[CanadianChris 0]

You should tell that to the place I filled up at for 66 last night, then.

[treble 0]

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 0]

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 0]

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 0]

I've read that if the dollar continues to stay low our standard of living will probably go down.

[The Mandarin 0]

Sweeeet.

 

If the Canadian dollar hits 90%, that means it's time to do business with Zack Malibu.

[Guest INXS]

BUT the American economy is on the UP! Bush said so!