January 2017 Currency Exchange Rates

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In January the monthly average value of the U.S. dollar depreciated against all three major currencies we track. The greenback retreated by 1.1% against Canada’s “loonie,” 0.7% against the euro and 0.8% against the yen. On a trade-weighted index basis, the dollar was unchanged 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.