Exchange rate
May 4th 2007, 10:15 am
#91
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Location: Was Brentwood, Essex Now Wasaga Beach, Ontario
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Re: Exchange rate
no bad news for the US means rate cuts, which in turn means a weaker dollar. They wouldn't put rates up if the ecomony was is trouble, they would cut them in an attempt to stimulate the economy.
May 4th 2007, 10:28 am
#92
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Joined: Feb 2004
Location: British Columbia
Posts: 801
Re: Exchange rate
Cheers for not taking the opportunity to call me an economic ignoramus.
Shall be watching the news this afternoon with interest.
Shall be watching the news this afternoon with interest.
May 4th 2007, 10:29 am
#93
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Re: Exchange rate
no problem
May 4th 2007, 12:37 pm
#94
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Re: Exchange rate
data was mixed, they didn't create as many jobs as hoped, but there was reduced average hourly earnings. Basically, market still doesn't know what is next move from the Fed. More clues in rate meeting next week hopefully.
May 4th 2007, 12:38 pm
#95
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Location: Pemberton, B.C. :-)
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Re: Exchange rate
thanks for that, was jsut trying to look it up for myself, so most timely post!!
May 8th 2007, 9:16 am
#96
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Joined: Nov 2006
Location: Kamloops, BC
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Re: Exchange rate
$2.20 today, that's it, I'm not looking anymore 
May 8th 2007, 10:01 am
#98
Lost in BE Cyberspace
Joined: Jul 2006
Location: Cochrane, Alberta
Posts: 7,861
Re: Exchange rate
So - do I bite the bullet today at 2.20 (it was 2.18 over the weekend) - or do I wait two more days, till the BofE announcement and pray that it works in my favour ? God, I hate this bit ... 
May 8th 2007, 10:10 am
#99
Tea Drinker
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Re: Exchange rate
May 8th 2007, 11:04 am
#101
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Joined: Apr 2005
Location: Prince George
Posts: 317
Re: Exchange rate
So, if I'm wrong the OH says my arse is oot ra windae anawe!
Kenny
May 8th 2007, 12:59 pm
#102
Lost in BE Cyberspace
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May 8th 2007, 1:44 pm
#103
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Joined: Jan 2007
Location: Toronto
Posts: 1,698
Re: Exchange rate
I know I'm waiting until the BoE raises the rates before buying any currency.
May 8th 2007, 1:50 pm
#104
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Location: Was Brentwood, Essex Now Wasaga Beach, Ontario
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Re: Exchange rate
Interest rate announcement from US tomorrow night is going to have more effect than Thursdays announcements from Bank of England (hike expected) and ECB (unchanged expected). Talk of the slight possibility Bank of England go 1/2% on thursday is the reason for the small bid back to 2.20 in the last couple of days.
May 9th 2007, 11:47 am
#105
Forum Regular
Joined: Feb 2007
Location: Indian Head, SK
Posts: 145
Re: Exchange rate
Interest rates have been raised by 0.25% today.