|
|
Post by MuvverRussia on Nov 5, 2004 13:51:52 GMT -5
|
|
|
|
Post by Libby on Nov 5, 2004 16:20:41 GMT -5
The US dollar is starting to really worry people. Today it traded under 1.20 Canadian and that freaked the markets out.
|
|
|
|
Post by me on Nov 5, 2004 22:46:46 GMT -5
it'll help the current accounts deficit, i'd think. US products will be cheap to the rest of the world (Canada included) and imports will become dearer to Americans.
- d
|
|
|
|
Post by MuvverRussia on Nov 6, 2004 4:34:16 GMT -5
it'll help the current accounts deficit, i'd think. US products will be cheap to the rest of the world (Canada included) and imports will become dearer to Americans. Yeah- from what I've seen the US is running a fairly high current account deficit, then again a lot of developed countries are at the moment. From my point of view the US is already extremely cheap (most stuff is half the price of here) and is likely to become even cheaper. |
|
|
|
Post by me on Nov 6, 2004 9:19:06 GMT -5
not to those of us with our savings in US$'s! - d From my point of view the US is already extremely cheap (most stuff is half the price of here) and is likely to become even cheaper. |
|
|
|
Post by Libby on Nov 6, 2004 9:51:23 GMT -5
The problem is the US is imports most of the goods people use every day. Clothes, for example, and most items around the house are manufactured in other countries to begin with. That's going to hurt the average American more than they expect.
|
|
|
|
Post by jennifer on Nov 6, 2004 10:20:36 GMT -5
Yup it will! I think it's the same for basically every country though. We import a lot of stuff too. I think every country is co-dependant so, it will sort of hurt everyone!
|
|
|
|
Post by Libby on Nov 6, 2004 11:37:14 GMT -5
Canada imports a tremendous amount of good, but with our dollar on the rise it should cost us less. Have you noticed the price of gas for instance? It's gone down where I am by 5 cents a litre in the past month. Gone DOWN!  I'm sure it will go up again, but it sure seemed strange. |
|
|
|
Post by jennifer on Nov 6, 2004 11:41:08 GMT -5
Oh, I never cry victory on gas prices!
|
|
|
|
Post by Libby on Nov 6, 2004 11:42:27 GMT -5
I'm not sure what you mean by cry victory. Have they gone down where you live?
|
|
|
|
Post by jennifer on Nov 6, 2004 11:45:25 GMT -5
Well, even when it goes down, I never take it for granted, they always throttle right back up!
It has gone down like 5-7 cents!
|
|
|
|
Post by Libby on Nov 6, 2004 11:47:01 GMT -5
Wierd isn't it? I felt like I was living in the Twilight Zone. I'd have the radio on and be hearing about the Barrell up by 3 dollars and drive past a gas station lowering the price. The only reason for that, that I can see, if the increase of our dollar. I know the price is decided using futures, but that has to help out. |
|
|
|
Post by me on Nov 6, 2004 12:11:27 GMT -5
also, oil is priced in US$'s. so the rise in price is offset, for you, by the fall in the value of our Dollar.
|
|
|
|
Post by MuvverRussia on Nov 6, 2004 12:18:08 GMT -5
Dont get me started on petrol prices. I currently pay £0.87 a LITRE. That's over US$6 a US Gallon.
Every developed nation is interdependent though. In the UK we import loads of stuff like clothes, cars etc.
|
|
|
|
Post by me on Nov 6, 2004 12:51:19 GMT -5
talk to your MP. those are TAXES. very little to do with oil price. Dont get me started on petrol prices. I currently pay £0.87 a LITRE. That's over US$6 a US Gallon. |
|
I'm sure it will go up again, but it sure seemed strange.