Question:
hi Billy, why US$ drops crazily? is it good to exchange? thanks.
Answer:
I don’t think the US$ will drop further, may be 1.02 to 1 Can $ and I think 1 to 1 is a pretty good equilibrium point in long run until interest rate trend start rising (not rise, but a rising trend to form, it will take at least 1 to 1.5 year from today.) Then Can$ may rise a bit further to $1.1.
You should convert at $0.92 when I told u ½ years ago, Now is kind of late. Always focus on better investment, not FX rate.
4.06.2010
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