June 2013 Currency Exchange Rates

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In June the monthly average value of the U.S. dollar depreciated against two of the three major currencies we track: by 3.7 percent relative to the yen and 1.6 percent against the euro. The greenback appreciated by 1.2 percent against Canada’s loonie. On a trade-weighted index basis, the dollar strengthened by 0.8 percent against a basket of 26 currencies. 

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Canada: Commentary will resume in August.

Europe: Commentary will resume in August.

Japan: Commentary will resume in August.

China: Commentary will resume in August.

The foregoing comments represent the general economic views and analysis of Delphi Advisors, and are provided solely for the purpose of information, instruction and discourse. They do not constitute a solicitation or recommendation regarding any investment.