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In
July the monthly average value of the U.S. dollar appreciated against two of
the three major currencies we track: 4.0% against Canada’s loonie and 2.1%
against the euro. The greenback lost ground (-0.3%) relative to the yen. On a
trade-weighted index basis, the dollar strengthened by 1.7% 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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