Back to parity

korejdk

Bronze
Dec 29, 2006
647
36
0
The buck is back to parity vs the loonie today - is that reflected on the exchange rate of those two vs the DOP ?
 

Frog17112

New member
Nov 20, 2007
118
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My Canadian Stocks got killed while the loonie was rising, how come I'm still losing money on my Canadian Stocks now that the loonie is coming back to earth...sell, sell, sell...
 

El_Uruguayo

Bronze
Dec 7, 2006
880
36
0
booo, and this has to happen a few days before I go back. Man, it had come close to $36 pesos during the storm. Should have cashed in. hahah
 

Frog17112

New member
Nov 20, 2007
118
0
0
CAD to USD (N/A:CADUSD=X)
Last Trade: 1.0077

Almost there...doesn't get much closer than that...is this good news for Canadians living in DR...I'd think if you're retired that stronger is better...right?
 

Tamborista

hasta la tambora
Apr 4, 2005
11,377
935
113
Close but no cigar!
DEC futures hit 1.0002
We did retrace almost 950 PIPS from the top, perhaps a correction to 1.0240, 23.60%? Keep an eye on Crude.
It's interesting Cambistas are now trading the Loonie vs RD pesos now
tambo'
 
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Tamborista

hasta la tambora
Apr 4, 2005
11,377
935
113
It looks like it will consolidate around parity, perhaps trade between .98 and 1.02 for a while......are you trading it? IMO, it has one more leg to go!

tambo'
 

Frog17112

New member
Nov 20, 2007
118
0
0
I should be trading it but I don't trade on the Forex...just equities. I keep my eye on currencies because they effect equities. When you where talking about "PIPS and retracement" I figured you were trading it. I agree that the two currencies will probably consolidate around parity.