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In
March the monthly average value of the U.S. dollar appreciated against one of
the three major currencies we track (+2.1% against Canada’s “loonie”), was
unchanged against another (the yen), and depreciated against the third (-0.4%
against the euro). On a trade-weighted index basis, the dollar weakened by 0.4%
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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