Q: On Sept 7 Dave asked a currency question and your response was: ‘ The US economy does seem stronger, and we think the US dollar will outperform. Also, when investors get scared, and move to a 'risk off' mentality, they move to the US dollar for safety. Generally, we don't spend much time predicting currencies.’
We’ve recently come into some US dollars and are hoping you could provide some direction for us despite your reluctance to speculate. Brian Ackers’ prediction on BNN this week is the Canadian dollar will fall dramatically to 68 cents. We’re not interested in perfect timing but would like to convert some of it within the next 3-6 months. Any advice would be greatly appreciated.
We’ve recently come into some US dollars and are hoping you could provide some direction for us despite your reluctance to speculate. Brian Ackers’ prediction on BNN this week is the Canadian dollar will fall dramatically to 68 cents. We’re not interested in perfect timing but would like to convert some of it within the next 3-6 months. Any advice would be greatly appreciated.