How low will the US dollar go before it stabilizes or goes back up ?
http://ca.finance.yahoo.com/currency/convert?amt=1&from=USD&to=CAD&submit=Convert
One US dollar is now worth 97 cents Canadian which had been thought of as impossible 6 months ago
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why do assume that it will?
I will be surprised if it happens any time soon. After January 20, 2009 seems most logically the time to start looking for any improvement.
The value of the US dollar is on a slow decline. The 5% reduction in the intrest rate is just a bandaid. Because of NAFTA and othe r trade agreements, the trade deficite is on the rise. Housing market is collapsed.(foreclosers up 47%). The Ero is gaining stength along with the Pound. Recession is imminant, possibly a depression also with the collapse of the US market and economy.
This is a highly managed default that is happening in order to usher in the Amero !!
Don’t expect anything BUT bad news with the dollar valuation UNTIL the Amero is introduced into the mix !!
This is the way that the Powers-that-be have of bringing this thing to pass with the full Blessing OF the American People !!
They see to it that the dollar devalues to a crisis level — then they bring aboard the SAVIOR to "make it all better" !!
Simply another COVERT tool in the selling out of the American sovereignty FOR the North American Union — which is at the very HEART OF the Globalist agenda moving everything toward the One World Government !!!
may go down further if iran changes to the euro as they want. what i think is the real reason Bush wants to go to war with them. if that happened it would be a case of the us dollar going further down in the exchange. could see it hitting 2 dollars for the euro if that happened
The dollar has been far lower at other times in the last 50 years. It will go back up within 1 to 3 years.
This depends on if the US Bank drops interest rates again.Global warming is also a huge reason for the strong Canadian dollar.As the ice melts it`s exposing lots of new resources,oil,natural gas,diamonds,gold,and more.The Canadian dollar probably will not drop below par for a long time.I predict the us dollar will not drop no more than 80 cents Canadian.