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#1
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100 Canadian Dollar = 65.78521 Euro, yet basically at parity with the USD...
Yet, for the past 6+ months it has basically been at parity with the USD.
This says a lot about the real and perceived strength of the CAD. The CAD CHF for a fairly long time, probably since the late late 1990s. The UKP and EUR in Canada and the South Pacific are nearly equal in buying power. There is arising a situation where 1 CAD ~= 1 AUD ~= 1 NZD. Let it be understood that ~= means that there is less than a 7.5% differential. Assume the differential (- or +) is a 35 day moving average. End result: (Bondi Beach): US tourists are impossible to find. (Auckland): US tourists are rare. Poms: pay attention or your feet will get stepped on by one! : ) 100 Canadian Dollar = 65.78521 Euro - this is how 'strong' is CAD |
#2
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100 Canadian Dollar = 65.78521 Euro, yet basically at parity withthe USD...
Correct, Russians are there.
From skiing in Colorado, France, Italy, ... to swiming in Dubai, Monte Negro and French riviera. |
#3
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100 Canadian Dollar = 65.78521 Euro, yet basically at parity with the USD. AND PETROCURRENCIES
The Russian Ruble aka RUR (sym?) is a petrocurrency.
The CAD is a petrocurrency. (nn) The UKP is a petrocurrency. The NZD is a petrocurrency (but NZ produces only 55k bbl/day). (nn) The AUD is a petrocurrency. (nn) The EUR is a petrocurrency, as ~2 nations in the zone still produce. Technically the USD is a petrocurrency. However, US oil exports more or less ceased after 1970. I assume US gas exports ceased after 1980. =========== (nn) : has not exported oil in the last 20 years. =========== I am not saying that the petrochemical economy dictates absolutely FOREX flux, but it is very important. The USD has collapsed because 1. All Government bonds (at any level of government) are "JUNK BONDS" 2. The US prevented a 5 petrocurrency economy from developing in the late 1990s. 3. The US does not manufacture anything anymore. 4. US companies that produce any good or service are soon gutted by CEOs and their executive compensation packages. 5. The US lifestyle has killed any kind of community, turning all Americans into selfish evil people (that the Islamic Liberation movements rightly believe should be killed off). The USD should be at parity with the PESO or the RUPEE. The strong US dollar is an historical anachronism, something that was unsustainable c1982 - c2000. A strong USD might be feasible by 2045, but delusional FOREX traders may beat this date decades. Correct, Russians are there. From skiing in Colorado, France, Italy, ... to swiming in Dubai, Monte Negro and French riviera. ///////////// Yet, for the past 6+ months the CAD has basically been at parity with the USD. This says a lot about the real and perceived strength of the CAD. The CAD CHF for a fairly long time, probably since the late late 1990s. The UKP and EUR in Canada and the South Pacific are nearly equal in buying power. There is arising a situation where 1 CAD ~= 1 AUD ~= 1 NZD. Let it be understood that ~= means that there is less than a 7.5% differential. Assume the differential (- or +) is a 35 day moving average. /////////// |
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