Currency Comparison
If the American economy is doing so bad and the Canadian economy is so stable then how would an economist explain this:
Note that against both the Canadian Dollar and against the Euro, the American Dollar is climbing at a significant rate. I find this very interesting but have heard no compelling evidence to explain it.
Labels:
American dollar,
Canadian dollar,
currency exchange,
Euro
1 comment:
Oh dear...where to begin...anything from...
-Worldwide hedge fund de-leveraging (especially shown with the fall of oil price)
-Un-widening of yen carry-trade (check USD/JPY exchange rate)
-Capital flight to perceived safe haven of US Treasury bonds from riskier holdings or in desperate attempt at getting yield
(check US T-bond prices/yield)
-Intervention of governments and/or central banks (maybe, maybe not, depends on your perception of reality)
That should get you started!
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