this presage the beginning of the end of the world as wished for by fundamentalist Christians for the last 2000 years?
2007-09-21 04:43:34 · 4 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
Value of money from different countries changes daily if not hourly. It could easily bounce back up and higher in a day. While that is a big drop, I wouldn't worry about it too much.
2007-09-21 04:51:54 · answer #1 · answered by John A 3 · 0⤊ 0⤋
It has befell before so I doubt it particularly is the top of the international. No, it foretells an excellent recession that the wealthy, the politicians and the companies have been growing to be for the previous 10+ years. Offshoring middle type jobs, deficit, government on the main important length it has ever been (and the superb paid for existence reward) and rules being handed that basically help a handful of agencies whilst the government makes it extra good for a small agency guy to stay to tell the story through over regulation, larger taxation and ridiculous regulations that our distant places opposition would not stick to. So, end of the international? No. end of the common existence for the time-honored public of human beings? in all probability.
2016-10-19 07:38:14 · answer #2 · answered by Anonymous · 0⤊ 0⤋
The notion that the relative value of the US dollar has anything to do with the Second Coming of Christ is plainly silly.
Jesus' coming will not presage anything about secular matters such as the value of any nation's fiat currency. Nor will the reverse hold. He is, after all, from the Kingdom of God, not the domain of us mere mortals.
***
That said, Canada is a huge exporter of raw materials and energy while the US is a huge importer of energy. Since the prices of both raw materials and energy are currently relatively high, you'd expect the currency of the exporter to rise relative to the currency of the importer -- and it has.
Sit tight, the rise isn't over.
If you wish to made a political statement about this, the proper venue is Congress. Specifically, you might want to ask them why it is our national policy to import significant and increasing portions of our energy needs.
:-)
2007-09-21 05:01:51 · answer #3 · answered by Spock (rhp) 7 · 0⤊ 0⤋
Because the demand for US dollars have fallen. US dollar competes against the Euro and the Euro is in hot demand.
2007-09-21 04:48:53 · answer #4 · answered by lu_dicrous 3 · 0⤊ 0⤋