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Thread: The USD/Euro Exchange Rate is CRAZY!

  1. #11
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    We are "Petro Dollar" this is the reason why Canadian dollar went down

  2. #12
    CGN frequent flyer cornelunc's Avatar
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    Quote Originally Posted by Nordic Marksman View Post
    Absolutly nuts.

    Its been a long time since I have seen the CAD $ at such a low point.

    How long before we see dramatic price increases?
    Is related with the price of oil. Only a dramatic increase of price of oil will make Canadian dollar strong.

  3. #13
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    Quote Originally Posted by cornelunc View Post
    Is related with the price of oil. Only a dramatic increase of price of oil will make Canadian dollar strong.
    92,8 cents at the pump in Montreal this morning.

  4. #14
    Pound of Fire
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    Quote Originally Posted by DanRR View Post
    92,8 cents at the pump in Montreal this morning.
    73.9 per L at Costco yesterday... I don't think I have seen that since the 1990's???
    Wing Nut

    "No man shall ever be debarred the use of arms. The strongest reason for the people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in government." Thomas Jefferson.

  5. #15
    CGN Ultra frequent flyer XRCD011's Avatar
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    Quote Originally Posted by Jay View Post
    73.9 per L at Costco yesterday... I don't think I have seen that since the 1990's???
    That even dipped to 71.9 a couple days back.

  6. #16
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    Quote Originally Posted by Dexter Morgan View Post
    Yeah.
    With everything crashing in Europe I thought to myself; "Maybe it's good time to order some Euros?"

    NOPE. $1.60 Canadian.
    How on earth is their currency going UP in value?
    I suspect it's more that the Cdn $ is going down, rather than the Euro going up.

  7. #17
    CGN Ultra frequent flyer GMC403's Avatar
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    Quote Originally Posted by Jay View Post
    73.9 per L at Costco yesterday... I don't think I have seen that since the 1990's???
    120.9/L on the left coast........
    I would rather slam my dick in a drawer, than have to navigate anymore of this idiocracy.......

  8. #18
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    50 something cents in pembroke yesterday I was told.

  9. #19
    CGN Ultra frequent flyer lone ranger's Avatar
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    the Russian Ruble is worth 1cent lol

    I can see why guns are made in the Philippines- theirs is worth 2 cents

    and shot guns from Turkey- 16 cents
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  10. #20
    CGN Regular bladerogers's Avatar
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    Just wait...I think this oil price is short lived. I don't want to go off topic to much, but I see what some traders call a "Wolfe Wave" forming on the weekly chart in oil, and if it is to play out as expected, we're either going to see oil back to 80/bbl by August-ish this year, if not, then third/fourth quarter 2022, depending on which pattern plays out. But this one calling 83.75 for July/Aug/Sept this year is damn near picture perfect. My biggest fear if this plays out is, what will be the news catalyst to support that move?? If I were to call a bottom on oil this time I would say 19.50 - 20/bbl area, BUT with the way the market makers work, I wouldn't be surprised to see a down and up spike to the 10-20/bbl range in the course of hours, if not minutes, before the start of the up move. But, I might be crazy to :P
    Last edited by bladerogers; 03-17-2020 at 04:13 PM.
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