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In
June the monthly average value of the U.S. dollar appreciated against two of
the three major currencies we track: 1.5% against Canada’s loonie and 2.5% against
the yen. The greenback lost ground relative to the euro despite the uncertain
situation in Greece. On a trade-weighted index basis, the dollar strengthened by
0.8% 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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