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In
July the monthly average value of the U.S. dollar depreciated against two of
the three major currencies we track: 0.8 percent against Canada’s loonie and
0.3 percent against the yen; the dollar appreciated by 0.5 percent relative to
the euro. 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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