February 2014 Currency Exchange Rates

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In February the monthly average value of the U.S. dollar depreciated relative to two of the three major currencies we track: -1.6 percent against the yen and -0.3 percent against the euro; the greenback appreciated +1.0 percent against Canada’s loonie. On a trade-weighted index basis, the dollar strengthened 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.