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In
May the monthly average value of the U.S. dollar depreciated against two of the
three major currencies we track: -1.3% against Canada’s loonie and -3.1% against
the euro. The greenback gained relative to the yen. On a trade-weighted index
basis, the dollar weakened by 0.7% 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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