From the Desk of Ian Culley @IanCulley
It’s inescapable. If you haven’t read it in the news, seen it on Twitter, or heard it from a co-worker, here’s the scoop…
The euro has tumbled to parity with the dollar for the first time in almost 20 years!
That’s the big news in the currency markets these days. Sure, it’s a significant development.
But what currency isn’t falling against the US dollar right now?
It’s an interesting question. And it draws our attention to the Canadian dollar.
Let’s take a look.
Here’s a chart of the USD/CAD cross:
While the US dollar steamrolls everything in sight and prints fresh decade-highs against most major currencies, it’s still dealing with last year’s highs against the Canadian dollar.