Why CAD dollar is going down?

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m_1313

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I'm wondering, what is happening with the dollar?

How come we lost .1$ in the last week?

Can somebody explain please.

Thanks
 
1000 pips in 10 days to be exact.

usdcad.gif
 
1. Oil prices dropped
2. US and global finanicial crisis
3. US economy slowing down and uncertainty
4. Election
 
The high canadian dollar was in part sustained by the high prices for natural ressources. when those dropped our dollar followed. Of course there are other factors but that is the big one.
 
I like it like that!

CAN$ goes down, poker moey goes uppppppppppppppppppppppppp weeeeeeeeeeee

Will it continue to fall or I should withdrawl ?
 
I withdrawl 1000$ today! can't go mutch lower and I'm happy with it.... it will cover the university bill...
 
Do you seriously work like this??? lol I can't understand how people can work with 10 indicators at the same time! (and with Japanese candlesticks!)

bah... je check surtout le 1min et 5min, le CCi... le reste je regarde moins mais je trouve sa clair.
 
as long as the US economy drops, our dollar will drop at a faster rate than their dollar because our economy relies heavily on exporting to the USA. And so if their dollar is weak due to their inability to buy, ours is even weaker with our inability to export.
 
Parce que le dollars doit dévaluer pour qu'on puisse plus vendre (aux pays extérieurs). C'est souvent ce qui se passe avec une recession.
 
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