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In
June the monthly average value of the U.S. dollar depreciated “across the board”
of the three major currencies we track: Canada’s “loonie” (-2.3%), euro (-1.6%)
and yen (-1.2%). On a trade-weighted index basis, the dollar weakened by 1.3% 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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