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In
October the monthly average value of the U.S. dollar again appreciated against all
three major currencies we track: 1.8 percent against Canada’s loonie, 1.7
percent relative to the euro, and 0.6 percent against the yen. On a
trade-weighted index basis, the dollar strengthened by 1.3 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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