October 2020 Currency Exchange Rates

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In October the monthly average value of the U.S. dollar (USD) depreciated versus Canada’s “loonie” (-0.1%) and the Japanese yen (-0.4%), but appreciated fractionally against the euro (+0.1%). On the broad trade-weighted index basis (goods and services), the USD weakened by 0.5% 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.