January 2022 Currency Exchange Rates

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In January, the monthly average value of the U.S. dollar (USD) depreciated versus Canada’s “loonie” (-1.4%) and the euro (-0.1%) but appreciated against the Japanese yen (+0.9%). On the broad trade-weighted index basis (goods and services) the USD weakened by 0.6% 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.