MoneyTec Traders Community Forum - View Single Post

Habib · 03-06-2005, 15:37

You know the weird explanations they (thompsons.com) give make me laugh. They say if dollar gets weaker against the Euro, looney will gain because of the buck's weakness (fair enough) but at the the same time they say looney will also gain (against the buck) if Euro falls further because of EUR/CAD cross selling (come on, gimme a break). Why don't they simply say CAD has its own strength and is in a win win situation, which I doubt very much anyway.

03-06-2005, 15:37	#2
Habib level 3 Join Date: Jun 2004 Posts: 269 Downloads: 0 Uploads: 0 Rep Power: 0	Re: What is the matter with USD/CAD? You know the weird explanations they (thompsons.com) give make me laugh. They say if dollar gets weaker against the Euro, looney will gain because of the buck's weakness (fair enough) but at the the same time they say looney will also gain (against the buck) if Euro falls further because of EUR/CAD cross selling (come on, gimme a break). Why don't they simply say CAD has its own strength and is in a win win situation, which I doubt very much anyway. Last edited by Habib : 03-06-2005 at 16:02.