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In
August the monthly average value of the U.S. dollar appreciated against all three
major currencies we track: 1.7 percent against Canada’s loonie, 1.6 percent
relative to the euro, and 1.2 percent against the yen. On a trade-weighted
index basis, the dollar strengthened by 0.9 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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