Re: US Dollar? Going Further Down?
In terms of the USD/CAD it is down over 7.3 % for the year and sitting at or near its 12 year low. My guess is that given this there will be a strong rally for the USD over the next 6 months to a year. Given that the US will probably raise short term interest rates another 25 basis points in the next few months, I see a positive long term trend. Sorry that this has hurt your cash out status. If you want to hedge some of your exposure or speculate in the FX markets, give me a call 1-800-371-3581.
|