Wednesday, October 18, 2023

The Dollar Question

 The Canadian dollar is going down again. A little Google work

on the question shows it has gone down consistently since 2014.

Interestingly, so has the Euro; with the British pound doing only

slightly better in the general decline.


So what's making all the difference ‽

Can't help but wonder if the vast reserves in USD held by China -

keeping its product-centered economy competitive - might be at work.


Just thinking out loud, here! 🤷‍♀️

Why is Canadian Dollar so Low | Knightsbridge FX

CAD to USD historical exchange rate | OFX (CA)

CAD to EUR Exchange Rate History for 2014 (exchange-rates.org)

Historical exchange rates from 1953 with graph and charts (fxtop.com)


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My annual flu shot is today. Mightg be a shivering mess for a while....

 

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