Exchange rate

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May 9th 2007, 12:13 pm

#106

vegasrockstar

Forum Regular

Joined: Feb 2007

Location: Indian Head, SK

Posts: 145

vegasrockstar will become famous soon enough

Re: Exchange rate

Quote:

Originally Posted by vegasrockstar

Interest rates have been raised by 0.25% today.

Ignore me - a colleague at work was winding me up - I didn't realise that the decision is tomorrow!

May 9th 2007, 3:56 pm

#107

cneldred

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Location: Was Brentwood, Essex Now Wasaga Beach, Ontario

Posts: 895

Re: Exchange rate

vegasrockstar, where are you in Essex?

May 9th 2007, 6:44 pm

#108

cneldred

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Location: Was Brentwood, Essex Now Wasaga Beach, Ontario

Posts: 895

Re: Exchange rate

US FOMC left rates unchanged, hints at no sign of rate cuts. Not the news those of us looking for a good rate wanted.

May 10th 2007, 9:04 am

#109

ann m

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Joined: Jul 2006

Location: Cochrane, Alberta

Posts: 7,861

Re: Exchange rate

OK -so back up to 2.20 this morning - marginal move - might I even get one cent or two more by end of today ?? I am poised, like a coiled sloth, ready to pounce on my phone ....

May 10th 2007, 9:07 am

#110

steve666

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Joined: Apr 2005

Posts: 4,842

Re: Exchange rate

Quote:

Originally Posted by ann m

OK -so back up to 2.20 this morning - marginal move - might I even get one cent or two more by end of today ?? I am poised, like a coiled sloth, ready to pounce on my phone ....

Hope you get lucky Ann, it's quite possible from what I've been reading this morning.

May 10th 2007, 10:33 am

#111

ann m

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Joined: Jul 2006

Location: Cochrane, Alberta

Posts: 7,861

Re: Exchange rate

Thanks Steve - fingers crossed, toes crossed, eyes crossed - I look great

May 10th 2007, 10:44 am

#112

Andthen

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Joined: May 2007

Location: Liversedge, West Yorkshire, England

Posts: 304

Re: Exchange rate

Quote:

Originally Posted by steve666

Hope you get lucky Ann, it's quite possible from what I've been reading this morning.

Bah!

I'm still waiting for my HiFX account to be set up!

May 10th 2007, 10:53 am

#113

Souvenir

Joined: Apr 2005

Posts: 9,606

Souvenir is an unknown quantity at this point

Re: Exchange rate

Quote:

Originally Posted by ann m

I am poised, like a coiled sloth

Love it! I shall file it away for future use.

May 10th 2007, 11:01 am

#114

cneldred

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Location: Was Brentwood, Essex Now Wasaga Beach, Ontario

Posts: 895

Re: Exchange rate

Hike 25bp As Expected!!

May 10th 2007, 11:03 am

#115

steve666

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Joined: Apr 2005

Posts: 4,842

Re: Exchange rate

Quote:

Originally Posted by cneldred

Hike 25bp As Expected!!

Now I guess we wait for Toronto to open...

May 10th 2007, 11:04 am

#116

Robski

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Joined: Feb 2007

Location: Pemberton, B.C. :-)

Posts: 835

Re: Exchange rate

Ahhh, i was jsut about to ask how long i should sit now before i call HIFX??

Is there anything else due in the net few weeks i should know about please??

May 10th 2007, 11:05 am

#117

Andthen

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Joined: May 2007

Location: Liversedge, West Yorkshire, England

Posts: 304

Re: Exchange rate

Quote:

Originally Posted by cneldred

Hike 25bp As Expected!!

*cries*

May 10th 2007, 11:08 am

#118

steve666

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Joined: Apr 2005

Posts: 4,842

Re: Exchange rate

Quote:

Originally Posted by Andthen

*cries*

What are waiting from HiFX??
It took me about 2 hours to set it up and make a deal.
Used fax, email and telephone to do it mind.

May 10th 2007, 11:11 am

#119

MarkG

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Joined: Apr 2005

Location: Saskatoon, Saskatchewan

Posts: 4,104

Re: Exchange rate

Quote:

Originally Posted by cneldred

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.

If they cut rates, the US dollar is toast. They can't raise without crashing the economy and they can't cut without crashing the economy. And with Chinese costs and wages increasing, they can't hold without increasing inflation.

Anyway, after the wimpy BoE rate rise today I think I'll be closing my savings accounts next week and shipping the rest of my money out of here. They should have raised 0.5% if they were at all serious about inflation.

May 10th 2007, 11:32 am

#120

cneldred

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Location: Was Brentwood, Essex Now Wasaga Beach, Ontario

Posts: 895

Re: Exchange rate

Some of the comments with the rate hike from BOE were hinting at cuts later in the year.