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It's more that the US dollar has gained 30% on the Canadian dollar. The Canadian dollar has been relatively stable compared to most currencies while the US has
by sdm 9y ago
It's more that the US dollar has gained 30% on the Canadian dollar. The Canadian dollar has been relatively stable compared to most currencies while the US has been actively propping up the USD higher. You can't just compare two currencies -- you have to look at the whole market to have a reference point.
- linkregister 9y ago> the US has been actively propping up the USD higher What does that mean?
- colefichter 9y agoSounds like a reference to quantitative easing.
- linkregister 9y agoIt must be a misunderstanding, since we both know QE reduces the value of a currency.
- colefichter 9y agoYeah, I have no idea. Just taking a guess at what the poster above was hinting at :)