Posted on 11/09/2016 6:14:54 AM PST by tekrat
Canada’s dollar took a wild ride in overnight trading in the midst of Donald Trump‘s U.S. presidential victory, shedding nearly 1.3 cents before stemming some of its losses.
The loonie tanked on global markets, falling as low as 73.89 cents US on Wednesday at around 12 a.m. ET, down 1.27 cents from its close Tuesday.
It later regained some ground, trading at 74.38 cents US, not far off the levels it’s been at in the waning weeks of the U.S. presidential election campaign.
(Excerpt) Read more at globalnews.ca ...
Bullshit. A loss against what? There is no absolute standard by which to measure a currency. You can only measure a currency against another currency, or against an average of several currencies, which you choose specifically for the occasion.
If the Canadian dollar fell in relation to the US dollar, it means the US dollar rose in relation to the Canadian dollar.
great deals
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