U.S. Dollar Manipulation
Do you see anything wrong with this chart?
U.S. Dollar to Canadian Dollar Exchange Rate – 3 Month Chart
Click to enlarge
So the U.S. dollar suddenly – in less than a week – gains what was lost over a course of a month. Is this a joke? With all the financial problems in the U.S. and quite strong Canadian economy (just reported better than expected retail sales and unemployment steady at the lowest level in 30 years), it’s obvious that the U.S. dollar should continue dropping against Canadian dollar. Especially since U.S. $ is still going down against all other major currencies. So the Canadian buck was singled out for the rescue operation. (Do you think Bush’s devoted friend Harper has something to do with this?)
Conspiracy theories aside, if this is not blatant manipulation, I don’t know what is!