The Mudcat Café TM
Thread #105787   Message #2474306
Posted By: Q (Frank Staplin)
23-Oct-08 - 08:29 PM
Thread Name: BS: Low US dollar, high Canadian dollar...
Subject: RE: BS: Low US dollar, high Canadian dollar...
The currency lineup today, in comparison to a couple of months ago, shows the pound, euro, $Can and $Aus (and some others) down relative to the $US, and relatively the Yen and Hong Kong dollar up. Bad for Japanese-Hong Kong exporters. The situation usually would be good for those with low currencies, but if everyone cuts their shopping, it ain't no good for nobody.
Didn't check the yuan, but unless people buy, the Chinese producers are hurting too.

Now if OPEC and Venezuela go ahead with cutting production, and petroleum prices rise, that would be good, good, good for Alberta-B. C. - and sales at Bentley Calgary-   
Bentley