USDCAD

Sep 12, 2012 at 06:05
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3 Replies
Igor123472
forex_trader_75987
Membro Desde May 02, 2012   117 posts
Sep 12, 2012 at 06:05
Hello friends .

I have one doubt: If QE3 is being applied the USD will be DOWN or UP ?
in this case. USDCAD = Up trend till 0.99 ?

If not applied maybe the USD could go down upto 0.94..?

Teach me. Thanks
Membro Desde Jan 14, 2010   556 posts
Sep 12, 2012 at 18:41
Igor123472 posted:
Hello friends .

I have one doubt: If QE3 is being applied the USD will be DOWN or UP ?
in this case. USDCAD = Up trend till 0.99 ?

If not applied maybe the USD could go down upto 0.94..?

Teach me. Thanks

This is one of the fed's ways to stimulate the economy. It should be good for the USD so USDCAD should strengthen once QE3 is applied. Not sure though how strongly it would affect the USD - you will most likely see the effect in a few months time.
Igor123472
forex_trader_75987
Membro Desde May 02, 2012   117 posts
Sep 12, 2012 at 19:24
Thanks James!
Very good your explanation!

Att,Igor
jpw_fxbook
forex_trader_741718
Membro Desde Jun 26, 2019   10 posts
Jul 05, 2019 at 06:47
USDCAD H1
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