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Message: US$/Can$...answers please

Re: US$/Can$...answers please

posted on Oct 11, 2008 02:31AM

I'm a very unfrequent writer here to say the least but just wanted to add a little thought to this question. (that might have been brought up here before.)

I have, for some time, been finding it quite strange that all of a sudden, so to speak, both the $CAD and the Peso made their ways to about parity (Peso x10) to the $US and stayed there for quite some time. ($CAD got to about parity late last year and stayed there until mid july this year.) My thinking is that this might have been a "manufactured" move in preparation for the rumoured Amero/North American Union. What strikes me now is that both of these currencies have now, all of a sudden, dropped away very sharply from this parity situation. It could of course just be the market forces doing it's thing (because of the ongoing crisis/falling commodities with the general $US strengthening) OR it could also, at least partly, suggest that the Amero/Union idea has now been thrown out the window, at least for the time being. Well, who knows..



I would also like to take this moment of posting (never know when I'll write again.) to thank all of you great contributors to this board!!

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