1. QE3 expectation pulls down $, all other currencies up.
2. $ drop causes raw materials and resources price up, which strengthens the C$ as Canada is a resource intensive economy.
It's like a double multiplier.
It can go other way too.
1. QE3 expectation pulls down $, all other currencies up.
2. $ drop causes raw materials and resources price up, which strengthens the C$ as Canada is a resource intensive economy.
It's like a double multiplier.
It can go other way too.