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In
February the monthly average value of the U.S. dollar declined against the three
major currencies we track. The greenback depreciated by 2.8% against Canada’s
“loonie,” 2.2% against the euro, and 3.0% against the yen. On a trade-weighted
index basis, the dollar weakened by 0.9% 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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