Quote:
Originally Posted by grmike
Why is Canada's currency the only one falling relative to the USD today? Is it the really low interest rates? (think they're the lowest among major economies)
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Today, the Canadian is rising against nearly all currencies except Yen and Euro. Last week, Canadian banks were paying 1.8% on GICs (CDs). More than 1% even on cashable-on-demand. In think Switzerland is paying virtually zero interest, and showed the largest exchange rate gain.
Yesterday, when you wrote this, Canada's dollar rate was falling at about the same rate as most other currencies (Pound, Australia, Brazil, India, etc.)