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In April, the monthly average value of the U.S. dollar (USD) appreciated against all three of the currencies we track: Canada’s “loonie” (+1.0%), the euro (+1.4%), and the Japanese yen (+2.7%). On the broad trade-weighted index basis (goods and services) the USD strengthened by 1.2% against a basket of 26 currencies.
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The foregoing comments represent the
general economic views and analysis of
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