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In
August the monthly average value of the U.S. dollar (USD) depreciated against all
three major currencies we track: Canada’s “loonie” (-0.6%), euro (-2.4%) and yen
(-2.3%). On a trade-weighted index basis, the USD weakened by 1.1% 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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