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In
September the monthly average value of the U.S. dollar depreciated against two
of the three major currencies we track: 0.6 percent against Canada ’s loonie
and 0.3 percent against the euro. However, the dollar appreciated by 1.5
percent relative to the yen. On a trade-weighted index basis, the dollar weakened
by 0.2 percent against a basket of 26 currencies.
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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.
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