The Canadian bank industry appears convinced the Cdn dollar will continue to weaken . . . to 72 cents, even a collapse to 62 cents U.S. heard. But is it possible this might not happen?
An opinion . . . the U.S. dollar just might trip heading into the 2nd half of 2020. Albeit, Canada’s economy is headed nowhere, but odds of the U.S. headed-for-recession appears climbing. Manufacturing, transportation and service industries are now struggling stateside. And investors are cheering about Fed rate cuts in July onward powering equities toward historic highs this past week. This has been influenced by Trump and a slowing economy, not about making money ‘the real way’. Blinded investors and reverse economics at-its-best (IMO).
And then there is the unknown, the U.S. tariff impact on the U.S itself . . . .
Technically, the Sept Cdn now has resistance @ 76.50 cents, but should it break, next key resistance seen as high as 78 cents. Currency markets are global flow of money. If one currency changes course, the entire flow can change course. This make currencies difficult to predict. This might throw a curve ball into global currency as markets head into the last half of 2019.
An opinion . . . the U.S. dollar just might trip heading into the 2nd half of 2020. Albeit, Canada’s economy is headed nowhere, but odds of the U.S. headed-for-recession appears climbing. Manufacturing, transportation and service industries are now struggling stateside. And investors are cheering about Fed rate cuts in July onward powering equities toward historic highs this past week. This has been influenced by Trump and a slowing economy, not about making money ‘the real way’. Blinded investors and reverse economics at-its-best (IMO).
And then there is the unknown, the U.S. tariff impact on the U.S itself . . . .
Technically, the Sept Cdn now has resistance @ 76.50 cents, but should it break, next key resistance seen as high as 78 cents. Currency markets are global flow of money. If one currency changes course, the entire flow can change course. This make currencies difficult to predict. This might throw a curve ball into global currency as markets head into the last half of 2019.
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