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US dollar down again

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  • Oilking
    Member
    • Dec 2013
    • 64

    US dollar down again

    How low is it gonna drop? Is it just getting started? Thoughts anyone?
  • farming101
    Senior Member
    • Mar 2011
    • 3955

    #2
    The USD index is down and the CAD is down in
    relation to the USD.

    CAD is doing real good against the Mexican peso

    Comment

    • ajl
      Senior Member
      • May 2008
      • 3257

      #3
      US dollar is likely close to a bottom here before it will rise again. The US remains sluggish but relative to everyone else it is a tower of strength. Problem is the $Cdn is still managing to drop relative to the US. Was not planning to short $Cdn until it is in the 0.80 range which it may never be again.

      Comment

      • biglentil
        Senior Member
        • Jun 2015
        • 3292

        #4
        Its just getting started was way overbought. Safe haven status going way of dodo, petrodollar status dwindling, reserve status being challenged. Wall street and main street running for the golden hills. Those left behind will have plenty of costly confetti.

        Comment

        • TOM4CWB
          Senior Member
          • Dec 2000
          • 16511

          #5
          I PRAY Trump wins the US Election... If Hillary does... WE ARE going to continue to loose $$$B... and there is no good reason for the CDN$ to rise... cause PM Justin seems not to have the B A L L S... to solve our Western Canadian Select Oil Problem.

          This isn't about BIG OIL.... This is about Canadian Fiscal Health.

          Comment

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