January 2014 Currency Exchange Rates

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In January the monthly average value of the U.S. dollar appreciated relative to all three major currencies we track: 2.3 percent against Canada’s loonie, 0.7 percent against the yen and 0.6 percent against the euro. On a trade-weighted index basis, the dollar strengthened by 0.8 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.