Cryptocurrency Q&A
Why is CAD value dropping?
Why is CAD value dropping?
OpalSolitude
Thu Nov 14 2024
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5 answers
820
I've been monitoring the CAD value recently and noticed that it has been dropping significantly. I'm wondering what factors are causing this decline and if there are any specific reasons behind this trend.
5 answers
IncheonBeauty
Sat Nov 16 2024
The recent trend has seen the Canadian dollar hit a 12-week low against the US dollar, a development that has caught the attention of market watchers.
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SamuraiHonor
Sat Nov 16 2024
Many experts believe that this downward trend could continue if the Bank of Canada decides to implement further rate cuts in the future.
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CryptoTrader
Sat Nov 16 2024
The Bank of Canada's aggressive rate cuts have the potential to weaken the loonie significantly.
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Stefano
Sat Nov 16 2024
Such a scenario would likely exacerbate the already weak state of the Canadian dollar, potentially leading to further losses for investors.
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Riccardo
Sat Nov 16 2024
This weakening of the Canadian dollar could have a direct impact on investor returns, as the value of investments denominated in CAD would decrease in relation to other currencies.
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