Notes From All Over -- The Dollar Edition -- December 30, 2020

Earlier this year, back in May, to be specific, there was a lot of concern / interest in the Canadian dollar as it plunged towards 70 cents American. See this link. Earlier in December, this month, the Canadian dollar started to fall again, but then recovered. It's general trend remains up. See this link. Over the past five years, the Canadian dollar vs the US dollar has been fairly steady but over the ten-year period, its weakness has been profound.

 For the US dollar, "90" has seemed to be the floor and dropping below "90" will be a topic of conversation on CNBC. Today, the dollar dropped below "90," apparently settling at about 89.5. Link here. 

One can argue that the recent rise in the price of WTI is simply tied to the weakness of the dollar. 

The ten-year chart may be somewhat reassuring but I'm not sure.