Quote:
Originally Posted by Brookside
From what I understand, what we are really seeing isn't the strength of the Canadian dollar rising as the result of a great economy rather than the U.S. dollar falling against stronger worldwide currencies.
There's a couple guys on the site who know much more about this- it'd be nice to hear from them.
|
Yup, it sounds a lot better to say the CDN dollar is rising than to say the US dollar is falling. The US$ is the benchmark as far as all the other major currencies go so I guess thats why we say the CDN dollar is said to be rising. But really, the US$ has slid against the euro, yen, CDN$, and British Pound.
I mean, you can say the Canadian dollar is rising against the US$, or you can say the US$ is sliding against the CDN$.