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#42
11-01-2007, 10:07 PM
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Re: Would major sites like PokerStars ever stop using the dollar?
[ QUOTE ]
[ QUOTE ] 1.00 GBP = 2.07 USD. [/ QUOTE ] Wow. [/ QUOTE ] The U.S. dollar is low against the Canadian dollar too. The Canadian dollar is the highest it's ever been in 130 years against the U.S. dollar. 
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#43
11-09-2007, 11:12 AM
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Re: Would major sites like PokerStars ever stop using the dollar?
China is increasing the rate its swapping their massive reserves from U.S. dollars to Euros. This strongly indicates the U.S. dollar will downtrend for years to come, no matter who has political control.
Makes me feel rather ill I missed a short on the dollar futures nearly a year ago.
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#44
11-09-2007, 12:26 PM
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Re: Would major sites like PokerStars ever stop using the dollar?
[ QUOTE ]
[ QUOTE ] [ QUOTE ] 1.00 GBP = 2.07 USD. [/ QUOTE ] Wow. [/ QUOTE ] The U.S. dollar is low against the Canadian dollar too. The Canadian dollar is the highest it's ever been in 130 years against the U.S. dollar. [/ QUOTE ] For all the hype it's getting, the fact is the Canadian economy is still heavily tied to the U.S. So the current situation isn't necessarily viable long term. Of course, you can make the case that for too long Canadian exporters have rested on the the laurels of a dominant American dollar, and the ball's in their court to step up productivity/efficiency wise.
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