Currency Trading Toronto
The US dollar falls again – is this massive debts economic warfare or what ?
By The Canadian Press
TORONTO – The soaring Canadian dollar closed above US$1.05 on Wednesday for the first time in decades and appears headed for uncharted waters as a combination of factors pushes it further and further ahead of the American currency.
The Canadian dollar ended the official trading day in Toronto at 105.85 cents US. That’s the highest closing price for the loonie since Aug. 21, 1957 and just short of a modern-era high of 106.14 cents US.
http://ca.news.yahoo.com/s/capress/soaring_loonie
I am begining to think that the Chinese are making good on their threat to use nuclear “bonds” on the US – refering to their massive holdings of US bonds and currency. Dumping than as has been reported in the Gaurdian as a punitive measure aainst US foriegn policy
http://thefilter.ca/articles/usa-and-world/chinas-nuclear-option-is-real/
nice turn of phrase – nuclear bonds….
I’ve been clutching my heart over this mess for months, but it hasn’t seemed to even caused a ripple in the American consciousness.
I’m glad the hubby went into the Canadian markets a few years ago when we were attempting to diversify. Ironically what has been a mess for the country has been a boon for us personally.
I’d rather have fiscal responsibility in the US, though.
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